Would they be a lien holder listed on your registration or something? They must have some way of securing the loan if you use aircraft financing.
I've used home equity and highly recommend it. The lending institution will hold a second mortgage on the house, but isn't overly concerned about what you spend the money on. No liens on the car, airplane, boat, or whatever you use it for.
Don
) I was wondering what they hold in the case of using an airplane to secure a loan. We don't have titles like a car....right? At least I don't think I do.