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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/
What else can I help you with?
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 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 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.
How do you spell blanket in french?
Blanket (bedcover) : une couverture (fem.) blanket (general, as in a blanket amnisty): général(e) = une amnistie générale
Is a wet blanket or a dry blanket a better heat conductor?
A wet blanket is a better heat conductor than a dry blanket because water is more conductive than air. The moisture in the wet blanket helps to transfer heat more efficiently from the body to the blanket.
How do you say 'blanket' in Portuguese?
Cobertor - blanket
What is blanket incorporation?
Blanket incorporation is gay.
