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With good credit you could probably get a HELOC at prime -1% or maybe even prime -1.5%. Prime is 8.25% right now and might very well go up another .25% before the year is over. If this is VERY short term you might be able to get a intro 6 month rate that really pretty cheap, but make sure there aren't any pre-payment penalties. How it works: HELOC will be leveraged against your current property. Usually they just give you a checkbook and you spend the money however you want. You should be able to EASILY qualify for 80% loan-to-value, but if you need more you can probably get it. There shouldn't be any closing costs. Usually there's something like a 10 year draw period and a 15 year repayment period, but that varies. If you need this money for more than a very short period of time you might want to consider taking a no closing cost ARM for the land (or refi. your current property with a short term ARM.) I say ARM because you can often get them with no closing costs. (I think ING has no closing costs ARMs right now . . .)