Mortgage Awareness
October 19th, 2015
Mortgage Awareness
Quoting mortgage broker “Kymberly Ezzard”
Some banks have introduced a plan to gain greater control over their clients by way of a collateral mortgage pledging your equity to the bank.
Beware of collateral mortgages and a clause called a “re-advance clause”. Ask your lawyer for a full explanation.
When the consumer wants to refinance their loan , switch lenders at ...