Can I use the two homes I own outright as collateral for a loan?

Yes, you can take out a HELOC (Home Equity Line of Credit) on either of the properties and then use that money to pay off debt or whatever BUT, the bank is still going to review your abillity to repay the loan which means you have to qualify just as you would any other loan and demonstrate an abillity to repay it. If you belong to a Credit Union then that is a good option as they typically have better options than say a large national bank.

Conventional conforming financing requires you to prove your ability to pay. Debt to income ratios are set by industry standards, and although they have some flexibility, rarely will they go over 50%... and most are looking at 46% max... even credit unions adhere to these guidelines... Soft money / hard money will be your only option... and it would probably be best to do a cash out loan on one of the properties that is paid for.. you can write off the interest differently and you don't attach anything to your primary residence... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

If your over 62 you can do a reverse mortgage all day long. If your not 62 You can do a private money but the rates are higher unless you can do the full doc loan.

Yes you can, find a local mortgage broker to find you the best options, credit unions typically work with less lenders which mean less options for you..good luck

I still have no income verification products for self employed borrowers. In order to qualify, you need to need to have decent credit, own more than 25% of a company, have a low loan to value (which obviously isn't a problem for you. 60% loan to value is the max up to $1M) and have a decent amount of assets. Shoot me an email to discuss kakpabla@warshawcapital.com or call me at 203-708-0001 ext 305-Kofi

private banking would give you the best options to cross collateralize on multiple properties, and or cash and security accounts. you may see an intro video to these programs at superjumboloans.info