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Do You Know A Type Of Mortgage Which Accepts Some Movable Personal Property For Security Rather Than Real Estate?
Mortgage which accepts movable property as security
asked 1 year ago
1 Answer
Mortgage companies want to use the purchased property as collateral. This is there assurance they will get their money back if you default on the loan (in ideal situations). You might be able to work out the use of personal property as collateral but you will have to work a deal with an individual and not a mortgage company.
answered 1 year ago
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