Best home mortgages |
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Welcome to Best home mortgages,
subject What is a Blanket Mortgage?
A Blanket Mortgage is a type of mortgage can save a lot of time to those of you who have multiple plots of land. It allows you to place two or more plots of land under the same mortgage. This way you don’t have to get individual mortgages on each lot.
For instance if you buy a huge plot of land and divide it into, we’ll say, 8 lots. Instead of getting individual mortgages on all eight lots, which would be incredibly time consuming, you can bunch it all into one mortgage. It’s just easier to manage.
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