All Posts Tagged With: "properties"
How Many Mortgages Can I Have?
It’s long been a tradition in real estate that borrowers were limited to four financed properties in addition to their prime residence, a tradition which has now changed. It used to be that you could have a prime residence, a financed second home as well as three financed investment property loans and still be within [...]
15Dec2009 | Peter G. Miller | 0 comments | Continued
What’s A “Blanket” Mortgage?
A “blanket” mortgage is one loan secured by several properties. While blanket loans offer the advantage of one payment and one closing, if something goes wrong, you cannot sell off one property without disrupting the financing for all the properties securing the blanket loan. Suppose you have three pieces of property. They have been used [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
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