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additional charge mortgage |
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additional charge mortgage A mortgage instrument that recites on its face that it is used to secure present and future debts by the borrower to the lender.It serves to put new lenders on notice that the equity in the property may decrease in the future, as a result of additional money being advanced by the first lender.See future advances mortgage and anaconda mortgage. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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