Commercial Mortgage

Blanket Mortgage Rates

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A Blanket Mortgage Is – Lake Water Real Estate – Blanket Mortgage. By Investopedia Staff. A blanket mortgage is a mortgage that covers two or more pieces of real estate. The real estate is held as collateral on the mortgage, but the individual pieces of the real estate may be sold without retiring the entire mortgage.

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Blanket Mortgage-Borrowing against more than one property. – Blanket Mortgage is a type of mortgage which facilitates the borrowing of money against more than one asset at the same time. It covers a number of properties at the same time. This collateral could be: More than one asset as separate entities. A property divided into lots.

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A blanket loan is a mortgage that finances more than one property. So businesses use them for real estate investments. And borrowers might be commercial or residential landlords, or property.

In much the same manner, a blanket loan can make mortgage financing during a transitional phase an easier process. Multi-parcel mortgages A blanket loan is a single mortgage that "covers," or is secured by, more than one parcel of property.