The phrase "additional mortgage" is correct and usable in written English.
It can be used when referring to a second or extra mortgage taken out on a property, often for purposes such as refinancing or obtaining extra funds.
Example: "After reviewing our financial situation, we decided to apply for an additional mortgage to fund our home renovation project."
Alternatives: "extra mortgage" or "supplementary mortgage".
In addition, consider that a home salon business isn't subject to an additional mortgage or rent payment.
SEEKS $6,500,000 West Penn Offers Additional Mortgage Bonds -- Cleveland -- Building Has $1,600,000 Issue.
The evidence suggests that participants were WTP up to £10.56 or 2% more in monthly rent or additional mortgage payments to live in locations that have a high quality green infrastructure environment.
And will available financial resources, including projected ADU rental income, cover all building costs, additional mortgage servicing costs and increased costs for utilities, insurance and taxes.
"Oops," said Ms. Weigert, a mother of three, when she learned of the additional mortgage and of the possibility of losing her nonrefundable deposit of $12,700 on the 12 Olive Street property.
"Fresh capital will strengthen their balance sheets and allow them to provide additional mortgage capital, as they balance their responsibilities to their mission and to their shareholders," he said.
To help aid in the recovery, the Federal Home Loan Banks received permission on Monday to buy more than $100 billion in additional mortgage-backed bonds guaranteed by Fannie Mae and Freddie Mac, a move that may make it easier for Americans to take out home loans.
Instead, the cushion can be additional mortgages or loans, which may also become vulnerable.
They also resell billions of dollars in additional mortgages by bundling them into securities that are traded by investors around the world.
Monarch, based in Silver Spring, had run afoul of Federal Housing Administration regulations concerning "split financing," obtaining additional mortgages to cover excess costs of projects insured by the agency.
One central proposal by House and Senate Democrats would allow Fannie Mae and Freddie Mac, which guarantee conventional mortgages of up to $417,000, to buy and hold many billions of dollars' worth of additional mortgages in their own portfolios.
