(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)
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)
PODCAST: Some mortgages lock you up…even at maturity – does yours?
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)
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