If you aren't familiar with options for financing, it is never too late to get started.
Whether you are a home owner or are in the real estate business, there will be several times where you will have to determine logical decisions without knowing if there will be money to back up the decision.
Because the loan is against your home, if you aren't financially stable, you may end up loosing your home.
If you want property, you will also want the right people in the right place to make sure that you achieve your goals.