All Questions
3
questions
32
votes
6
answers
13k
views
Is it legal to mortgage a property twice or more?
I was talking to one loan agent lately about getting an investment loan, she was trying to convince me to mortgage my house but my house has been mortgaged already.
She was saying "let us not worry ...
- 573
1
vote
2
answers
1k
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Should I take out a bigger mortgage, or pay a greater cash deposit?
Let's say I want to buy a house worth £400k. I can get a mortgage up to £300k, and I have £150k cash sitting in the bank. Which would be my best option:
1) Take out the maximum mortgage of £300k and ...
- 601
1
vote
3
answers
538
views
What is a tranche?
I am studying Collateralized Mortgage Obligations (CMOs) - My understanding is that the product consists of mortgages which have real estate as collateral.
The mortgages are bundled in batches which ...
