Canquest Mortgage Inc.

Frequently Asked Questions

What is the difference between a Collateral Mortgage and a Standard Mortgage charge?

Collateral Mortgages: The amount registered on title is usually more than you received at the time you took out your mortgage. The lender registered 100% - 125% of the value of your property. The reason why the lenders do this is to promote the benefit that is would be more cost effective for you not having to register a new charge each time your request money for renovations, debt consolidation, vacations and property investments.

Continue