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No prepayment penalty, flexible terms and no interest until you. Web learn how land equity loans work and what factors to consider before applying. Prefabricated and manufactured home loans. Compare different types of land equity loans, such. Web the liens will be released when the loan is paid in full. Web learn how to use land as collateral for a personal loan, the benefits and risks involved, and the types of loans. Web borrow up to $50,000 using the equity in your land as collateral.