Chattel Mortgage – Meaning, Features, Benefits, and More
The dictionary meaning of Chattel is a piece of personal property that is moveable and generally does not includes land and buildings. Therefore, Chattel… Read Article
Mortgage
Mortgage Underwriters: Meaning, Useful Factors, Outcomes and More
Mortgage Underwriters: MeaningEach mortgage application, whether for an individual or business, goes through a rigorous process of analysis to see and estimate the extent… Read Article
Types of Underwriters – All You Need To Know
Underwriters are important in the financial world. They basically help in lowering the risk of the other party, but for a fee, commission, or… Read Article
Mortgagee vs Mortgagor – All You Need To Know
Mortgagee and Mortgagor are the terms that come into use, usually in the context of home financing. Both the terms relate to the parent… Read Article
Pledge vs Hypothecation vs Lien vs Mortgage vs Assignment
The difference between pledge, hypothecation, lien, mortgage, and assignment lies in the security charge that can be created on any asset held by a… Read Article
First Mortgage
Meaning of First MortgageA first mortgage is a lien on a property that secures the mortgage. It is a loan obtained for financing the… Read Article
Mortgage Vs. Hypothecation – Similarities and Differences
Mortgage and hypothecation are generally used to explain charges on assets secured for any loan. In both cases, the ownership lies with the borrower,… Read Article