substitution is useing equidy in a property you have to purchase another thus createing instant equidy.a substitution must be negotiated with your lender at the time of purchase,in my opinion its very powerfull.get back to me and let me know what u find
Two part question.
What is Substitution of collateral refer to?
&
Are there any lenders that will allow a paid off vehicle to be used as collateral, rather than the equity in a house.