Vanessa explains how cross-collateralization works – including specific examples.
Cross-collateralization is a great option for people wanting to purchase another property. A buyer could have two or more properties and one loan over the top mortgaging those two properties. This could be an option for more people than they realise. This video helps explain how this process works and could inspire you to purchase another property with the help of your current one. Vanessa compares two scenarios and the pros and cons of cross-collateralization. She explores the flexibility of not cross-collateralizing with the ease of having all properties financed under the one loan.