Can I mortgage my portion of ownership in a parcel?

I own land with some siblings. Is it possible to mortgage my portion on the land?
Example: If land was worth 100,000, I own 20%, I can borrow up to 75% of land value, so I could borrow $ 15,000?

If so, do you know of any lenders that do this? (Not so good credit)
Thanks.

Register New Account
Reset Password