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If it is with the same bank/financier then - Yes (Depending on how much loan you already have and how much collateral you have provided)

Ex: Lets say you have a bank CD of $100,000/- as a collateral for a loan of $50,000 then the bank may give you extra loan against that CD. But if you already have a loan of $150,000 then the bank may not give you any further loans on the same collateral

If with a different bank/financier then - No. If you provide something as collateral you need to submit the original docs to the bank. So any other bank may not grant you loans on that collateral.

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โˆ™ 2009-01-19 11:00:51
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Q: Can you get an additional loan on property already collateralized?
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What is a collateralized loan?

when i was born so on July 30 1997


What are collateralized loan obligations?

Collateralized loan obligations occur when loans to several companies are polled/lumped together and passed on as an instrument. They function to minimize loss with "good" loans lumped with "bad" to make for a more balanced product.


Can you get a home equity line of credit to buy a home?

No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.No. You must apply for a purchase money mortgage if you do not already own any home. If you already own a property and have enough equity in that property, you can take a home equity loan on that property and use those proceeds to purchase another property.


How do you spell colateral?

The correct spelling is "collateral" (additional or unintended, or property pledged for a loan).


Can you borrow on a life insurance policy if you already have a loan on that same policy?

If the policy has additional cash value, an additional loan is usally permitted, up to a certain % of the total cash value.


What is a loan to buy a property called?

Property Loan


Will lender approve loan if 1st mortgage is upside down?

No; there needs to be equity in your property before you can borrow additional money.


What would be the charge of a bank on the property if on the same property multi financing had been done?

If there is "multi-financing" on the property already the new lender would only loan more money if there is enough equity in the property to justify the loan. You would need to consult with a lender to determine what the fees would be in your area.


Can you get a home equity loan on your rental property?

If you are renting the property from someone else and do not own it, no, because a home equity loan is like a mortgage. The lender has a lien on the property if you default on the loan. If you are the owner of a property and rent it out, yes you should be able to get a loan with the property as security.


Is it possible for your car to be repossessed if you owe money on something else?

Possible?? YES. IF your loan is CROSS-COLLATERALIZED with another loan, YES. IF you owe repair bills on the car, the repair shop can repo it if you dont pay.


Do you always need to be 18 to get a loan?

A simple one word answer in NO. In law, the contract of a minor is voidable (by the minor) not void. Practicably, lenders do not lend to a minor because it is not enforcable. But if a minor gets a co-borrower or guarantor on a loan, then he/she will have a better chance of acquiring a loan. Another way is to obtain a collateralized loan.


What is the difference between a mortgage and a loan?

A loan is a sum of money given by one party to another that has to be repaid according to the terms of the loan.A mortgage loan uses real property as collateral to guarantee repayment of the loan. The borrower transfers an interest in their real property to the lender during the life of the loan. When the loan is paid off the lender releases its interest. If the loan is not paid off the lender can take possession of the property by foreclosure.A loan is a sum of money given by one party to another that has to be repaid according to the terms of the loan.A mortgage loan uses real property as collateral to guarantee repayment of the loan. The borrower transfers an interest in their real property to the lender during the life of the loan. When the loan is paid off the lender releases its interest. If the loan is not paid off the lender can take possession of the property by foreclosure.A loan is a sum of money given by one party to another that has to be repaid according to the terms of the loan.A mortgage loan uses real property as collateral to guarantee repayment of the loan. The borrower transfers an interest in their real property to the lender during the life of the loan. When the loan is paid off the lender releases its interest. If the loan is not paid off the lender can take possession of the property by foreclosure.A loan is a sum of money given by one party to another that has to be repaid according to the terms of the loan.A mortgage loan uses real property as collateral to guarantee repayment of the loan. The borrower transfers an interest in their real property to the lender during the life of the loan. When the loan is paid off the lender releases its interest. If the loan is not paid off the lender can take possession of the property by foreclosure.


What is loan against property?

Putting a current property up for security for a new loan. That way if you default on a payment the bank can reposess the property


If you have a loan with a bank already can you ask them for more money on that loan?

If it's a term loan (fixed payments, fixed period, fixed rate, etc - ie not a line of credit), it will require a new loan. The new loan will fund the old loan in its entirety and the additional amounts borrowed. If you do a lot of business with a particular bank and they consider you a valuable customer, they will pull strings to keep you happy and in certain cases they may advance additional prinicpal on a loan, but it is very rare. If it is a line of credit then you can draw on it as necessary.


What is the primary function of the Term Asset-Backed Securities Loan Facility?

Provide funding support for collateralized securities such as student, auto, and credit card loans.


Can you hold someones personal property until they repay a debt owed to you?

Yes, if they gave you that property as collateral for the loan. If they did not then you have no right to take any of their property as security for a loan after the loan was made. If they don't pay back the loan, and you have proof of the loan, you need to sue in civil court.


What is the difference between a loan and a mortgage?

A loan is a sum of money given by one party to another that has to be repaid according to the terms of the loan.A mortgage loan uses real property as collateral to guarantee repayment of the loan. The borrower transfers an interest in their real property to the lender during the life of the loan. When the loan is paid off the lender releases its interest. If the loan is not paid off the lender can take possession of the property by foreclosure.A loan is a sum of money given by one party to another that has to be repaid according to the terms of the loan.A mortgage loan uses real property as collateral to guarantee repayment of the loan. The borrower transfers an interest in their real property to the lender during the life of the loan. When the loan is paid off the lender releases its interest. If the loan is not paid off the lender can take possession of the property by foreclosure.A loan is a sum of money given by one party to another that has to be repaid according to the terms of the loan.A mortgage loan uses real property as collateral to guarantee repayment of the loan. The borrower transfers an interest in their real property to the lender during the life of the loan. When the loan is paid off the lender releases its interest. If the loan is not paid off the lender can take possession of the property by foreclosure.A loan is a sum of money given by one party to another that has to be repaid according to the terms of the loan.A mortgage loan uses real property as collateral to guarantee repayment of the loan. The borrower transfers an interest in their real property to the lender during the life of the loan. When the loan is paid off the lender releases its interest. If the loan is not paid off the lender can take possession of the property by foreclosure.


Can your parents get a loan if they have a loan that they already owe on?

yesss


Can you use someone else's property as collateral for a loan?

yes you can, provided the owner of the property agrees to mortgage it for the loan


Can you get an income tax exemption on a housing loan taken on your mother's property?

No. You MUST be on the title and the loan. Also, it is unlikely you can find anyone to give YOU a loan on your mothers property, without your name being on the property.


How to qualify fir a loan with a property tax lien ny state?

The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.


If the deceased left his home to a certain person and her name is already on the deed does she just take over the loan?

my aunt left me property in her will, and now I would like to sell the property, but I don't have a clear deed. how do i get a clear deed to the property so that I can sell the property?


How does a secured loan differ from an unsecured loan?

A secured loan is a loan that some monetary interest (money or property of value) attached to the loan to insure its repayment. If the loan is not repaid, the monetary interest becomes the property of the loaning party. A unsecured loan does not have a monetary interest attachment.


Does a cosigner own the property if he pays off the original loan?

The cosigner of the loan owns 1/2 of the property if they are on the title.


Can you transfer the lien from your home equity loan to another property you own?

No, you cannot "Transfer" the loan. But you can take out a loan on the other property and use it to pay off the first.