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Second Mortgage Finance -
What sort of security do I need for. As security for a loan, lenders will require property which will take the form of a First Mortgage (if the property is not already encumbered with a bank loan) or a registered Second Mortgage or registered Caveat. Is a second mortgage similar to a r. From a security perspective a second mortgage provides a higher level of protection for the lender, but still works in much the same way as a registered caveat. Short term lending rates – Wh. What should I be cautious of?
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