Open-End Mortgage
(redirected from Open-End Mortgages)

Also found in: Financial, Encyclopedia

0.01 sec.

A mortgage that allows the borrowing of additional sums, often on the condition that a stated ratio of collateral value to the debt be maintained. A mortgage that provides for future advances on the mortgage and which so increases the amount of the mortgage.

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Open-End Mortgage (redirected from Open-End Mortgages)

Open-End Mortgage
(redirected from Open-End Mortgages)