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Further
Reading ...
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7 Ways To Profit From Other Peoples Products - Stuart Reid
If you don't possess the time, money or inclination to create your own hot selling product there is plenty of scope for profit by using other people's. In this quick article I'll detail the best ways to take a third-party product and use it to...
How to Build Your List – 7 Powerful Strategies - Trent Brownrigg
If you have been an internet marketer, or had any type of online home based business, for more than a few days, then you will no doubt have heard someone say, "if you want to make money online, you have to build an opt-in list." Take that advice...
How To Effectively Use Offline Advertising To Build Your Online Business - Jeff Schuman
First of all let me say that having spent the past 20 years working closely with small businesses I know exactly what works when it comes to offline advertising. What I have found today is that online businesses have a built in advantage when it...
Five Top Tips For A Prosperous 2004 - Steve Shaw
According to many market forecasts, 2004 is likely to be a buoyant year online. These are my top tips for making the most of it, and ensuring a happy, healthy and prosperous 2004. 1. Seek out new markets and niches, and make them work for you. ...
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A Blanket Mortgage covers multiple properties on the same loan
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Written By:
Syd Johnson
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Blanket mortgages are mostly used by commercial developers for one of two purposes: first, they might have a plot of land that they plan to develop into multiple lots and sell them off.
Instead of getting a mortgage on each individual lot, they get a blanket mortgage for the entire development. The second is if someone, not necessarily a commercial developer, has multiple plots already developed and wants to use all of the properties as collateral for a new loan.
One the lots are developed, the owner will get a release to clear the title on each individual lot that is sold. A good application of this would be a commercial development or a subdivision. The blanket mortgage covers the entire thing during construction, and then a release is obtained for each parcel as it is sold off. A release clause must be built into the blanket mortgage that allows the developer to sell off each - continued below ...
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unit of the property as long as certain percentage of the entire debt is paid off.
The blanket mortgage is a way to do all of your financing with one mortgage application. It covers both current properties that can be used as collateral and potential properties that will arise once a plot of land is developed.
Individual homeowners can use blanket mortgages to cover construction of a new home while they are trying to sell their existing property. Once the old property is sold off, the blanket loan is reduced by the dollar amount of equity in the previous home. Some lenders will allow you to pay interest only on the amount that is budgeted for construction of the new property.
About the Author
This article may be freely distributed as long as there's an active link to http://www.rapidlingo.com
Syd Johnson
Editor
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If It Was Easy Everybody Would Do It - Tim Knox
Q: I started my business about a year ago and everything is going fine. We're growing and making a profit, but the stress of running the business is really starting to get to me. I spend more time worrying than working. Sometimes the pressure is...
A Wireless Phone Policy Can Save Your Company Big Bucks - Karen Thatcher
Do you have a wireless policy for your company? If not, chances are you could be spending more than you should. Wireless service has experienced tremendous growth over the past few years. It is not uncommon to see people with a pager and a cellular...
The Revolt of the Poor - The Demise of Intellectual Property - Sam Vaknin
Three years ago I published a book of short stories in Israel. The publishing house belongs to Israel's leading (and exceedingly wealthy) newspaper. I signed a contract which stated that I am entitled to receive 8% of the income from the sales of...
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