Package Mortgage

A package mortgage is a loan for home buyers that is not just made up of funds to purchase a house, but also consist of money to buy household items like furniture as well.

However in such cases, personal property bought with funds from the package mortgage would also be pledged as collateral for the loan.

The special feature of these types of home loans can be especially attractive for home buyers who don’t have a lot of savings but has strong cash flow. read more

Pros And Cons Of Blanket Mortgage

A blanket mortgage is a real estate loan that covers more than a single parcel of land.

This allows investors and developers to manage a single mortgage even though they have multiple properties to finance.

A blanket loan enables them to pay a single scheduled payment with terms that covers all the properties under that blanket. read more