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Leasehold Mortgage – A mortgage loan into property where in fact the strengthening is on hired (rented) house
Traditional Mortgage Charges – (into the Quebec, an enthusiastic immovable hypothec): coverage is provided in preference of Scotia Financial Corporation (SMC), a wholly possessed part regarding Scotiabank, registered inside the first updates top priority towards the land and you will building. The specifics of the borrowed funds mortgage for instance the number, term and interest rate are included in the latest charges entered toward name to your house. Which antique costs obtains only the real estate loan.
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