What is cross collateralisation? Laura Sillano Pod Financial скачать в хорошем качестве

What is cross collateralisation? Laura Sillano Pod Financial

Cross collateralisation, according to Laura Sillano, is a single loan being secured with two properties. It is where the lender takes not just one property for the transaction but a second one as well. To those who want to own multiple properties, cross collateralisation might be a good idea; you can own multiple properties even with a single loan. The question is - Is it worth the risk? Is it beneficial? Some people see cross collateralisation as a good thing but it is a difficult thing to manage. It is important to remember is that we have to keep investment properties singular so that loan amounts will be separated from the properties in the portfolio, and your coffers will have funds for deposits that are against the other property. When purchasing an investment property, don't put the investment property with the same lender as you have your home lending with. Borrowers may lose control of their assets, too. It is a kind of a thing that is "easy-to-get-into" but hard to extract yourself out from it. Conversations like these are more helpful when your particular circumstance is at the centre. You can reach Laura Sillano of Pod Financial at 0422 320 497. DISCLAIMER: The information discussed in this video and its accompanying media are shared for general information purposes only and should not be taken as advice. Expert mortgage brokers like Laura Sillano are more helpful when spoken to in person with your particular circumstance at the center. Again, you can reach Laura Sillano at 0422 320 497.