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TOPIC: Chattel mortgage
#638
diawilliams (User)
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Chattel mortgage 5 Months, 3 Weeks ago Karma: 0  
Chattel mortgage is the written document which made any personal assent as the security for the loan for a certain amount. It means that you have to mortgaged any personal item instead of amount.
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#656
JackSmith (User)
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Re:Chattel mortgage 5 Months, 1 Week ago Karma: 0  
Chattel mortgage is really a good option for the person needing finance because if they have not the amount then they can give security of their personal items. In this option lenders are also at safe foot as they have security in hand whether in form of money or in form of some other personal items.

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Last Edit: 2011/12/16 18:14 By JackSmith.
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#660
jassmee (User)
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Re:Chattel mortgage 5 Months ago Karma: 0  
Chattel Mortgage immediately changes once the moveable property given as a security is replaced by a fixed property.Chattel Mortgage is a loan that can be obtained from a bank of financial institution by keeping a personal property as a security.
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