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26 Feb

What is a Collateral Mortgage?

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Posted by: Livian Smith

DLC BLOG

What is a Collateral Mortgage?
What is a Collateral Mortgage?A collateral mortgage is a way of registering your mortgage on title. This type of registration is sometimes used by banks and credit unions. Monoline lenders, on the other hand, rarely register your mortgage as a collateral charge – which is an all-indebtedness charge that allows you to access the equity in the home over and above your mortgage, up to the total charge registered.

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