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Blog by Linda M Linfoot

Collateral Mortgages - Beware

October 25th, 2013

Collateral Mortgages
It was announced that a major Canadian Lender would be registering all new mortgages as “collateral mortgages”.
Since, several others have followed suit.

·        So what exactly is a “collateral mortgage?”

1.              It’s a loan attached to a promissory note and backed up by the collateral security of a mortgage on a property.

2.              ...