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Second Mortgage Bond - Bond Originators
Second Bond (Further Mortgage Bond)
A second mortgage bond typically refers to a secured mortgage loan that is subordinate to another loan against the same property.
In real estate, a property can have multiple mortgage bonds or liens against it. Second bonds are called subordinate because, if the mortgage loan goes into default, the first mortgage gets paid off first before the second mortgage. Thus, second bonds are riskier for lenders and generally come with a higher interest rate...
Bond Originators South Africa Originator FNB ABSA Nedbank ...
Bond Originators South Africa
It is no secret that a professional bond originator can get you a better deal, than dealing directly with lenders. The demand for a bond origination service has increased over the past few years, with more and more people utilising such a service. In order to receive prime less rates, the utilisation of bond originators have become a vital part in securing a...