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What is a blanket mortgage A blanket mortgage is a mortgage loan used to finance more than on property. Builders and developers will use a blanket mortgage to buy lots of plots, or properties that they wish to build on or develop as a group, rather than trying to secure individual mortgages on each one individually. Blanket mortgages have a "release clause" so that if one property under the mortgage gets sold. then that portion of the loan can be paid off and the remaining outstanding balance adjusted accordingly. http://www.rogersgroupmortgage.com/
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Can you combine two properties in one mortgage?
Yes, in some instances two properties can be covered by one mortgage. It is called a blanket mortgage.
What is a mortgage loan originator?
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
Do you still have to pay monthly mortgage if you have a reverse mortgage?
No, the purpose of a reverse mortgage mortgage is to eliminate mortgage payments permanently.
Where can I compare mortgage rates?
To compare mortgage you can go to websites that have mortgage calculators, you would just search mortgage calculator. With a mortgage calculator you can easily compare mortgage rates.
Where can you find Mortgage refinancing in Jacksonville?
There are several companies that offer Mortgage refinancing in Jacksonville. Some of these are: Jacksonville Mortgage, American Equity Mortgage, and Florida Mortgage.
What is a blanket loan?
A blanket loan is a loan or mortgage for multiple subdivisions of a single tract of land.
Can you combine two properties in one mortgage?
Yes, in some instances two properties can be covered by one mortgage. It is called a blanket mortgage.
Are condominiums generally financed by a general mortgage on a whole building?
Only by the developer. Once the unit has been sold the developer should obtain a partial release from the blanket mortgage and then the unit owner gets a mortgage on that unit only.
In foreclosures can other real estate be taken?
Only if the "other" property was used as collateral for the loan. That would require a "cross-collaterization" or "blanket" mortgage.
Can you use blanket in a sentence?
get your blanket out. get your blanket out.
What is a possessive noun of the color of the blanket?
The possessive form is the blanket's color.
What is a five word sentence with the word blanket in it?
My blanket is very soft. I have a nice blanket. You can't have my blanket.
What is a metaphor or simile for the word blanket?
as soft as a blanket
What is a cellular blanket used for?
The new baby cellular blankets are useful in many ways. The blanket can be used as a swaddling blanket, a play blanket or even a picnic blanket. The blanket is easy to wash also.
What is a warming blanket?
It is a blanket that warms. The clue is in the name. Overwhelmingly, the type of blanket most befitting this description for sale on the internet is an electric blanket- a blanket that is electrically heated.
Is a wet blanket or a dry blanket a better heat conductor?
wey blanket
How do you spell blanket in french?
Blanket (bedcover) : une couverture (fem.) blanket (general, as in a blanket amnisty): général(e) = une amnistie générale
