Summary
(April 19, 2019) When it comes to mortgages, there are two charges that a bank can apply to your land title. This episode explains the key differences between a standard and collateral charge mortgage.
The following is discussed in this episode:
Key points:
- standard charge mortgages are the most common charges
- collateral charges are re-advancable and non-transferrable
- be cautious about taking the path of least resistance when it comes time to renew your mortgage. It may be a little more work, but be sure to explore ALL of your options (with a Mortgage Broker!)
MarkoMusic tracks: (produced and performed my Marko)
- the opening track features a piece called “Collateralization” (distorted harmonizing guitars with a slow punk drum groove in a 1-4-5 chord progression)
- the closing track is a song from a band that Marko played in (1990-99ish), Sleeping Lorry. Song is called, “Go“.
- Sleeping Lorry: Joseph Vulic (guitar-vocals), Marko Gelo (lead guitar-mandolin-back vocals), Darko Kulas (bass guitar), Robert Vulic (drums)
Contact Marko, he’s a Mortgage Broker:
604-800-9593 direct Vancouver
403-606-3751 direct Calgary
@markogelo (Twitter)
MarkoMusic (SoundCloud Account)…all podcast music tracks are performed and produced by Marko
Click Here to download Marko’s Mortgage App (information, rates, calculators, etc)
