Second Mortgage Deed - India
Second Mortgage Deed for use in India.
This kit includes tools and guidelines to assist you in drafting a Second Mortgage Deed.
A second mortgage deed is a deed to provide loans against the same property that has been already used as security against the first or original mortgage. A second mortgage typically refers to a secured loan (or mortgage) that is subordinate to another loan or the first mortgage against the same property. The interest rate for second mortgage is generally much more than the first mortgage.
Second mortgage financing helps the mortgagor to spend this amount on issues that arise after the purchase of property like maintenance of the property, use of the property for business purpose and so on. Second Mortgage Financing also saves the borrower from the hassles of mortgaging another property to a new lender, which becomes difficult on account of the apprehension regarding its repayment.
This attorney-prepared Second Mortgage Deed packet contains:
A second mortgage deed is a deed to provide loans against the same property that has been already used as security against the first or original mortgage. A second mortgage typically refers to a secured loan (or mortgage) that is subordinate to another loan or the first mortgage against the same property. The interest rate for second mortgage is generally much more than the first mortgage.
Second mortgage financing helps the mortgagor to spend this amount on issues that arise after the purchase of property like maintenance of the property, use of the property for business purpose and so on. Second Mortgage Financing also saves the borrower from the hassles of mortgaging another property to a new lender, which becomes difficult on account of the apprehension regarding its repayment.
This attorney-prepared Second Mortgage Deed packet contains:
- Description and Instructions for Second Mortgage Deed
- Second Mortgage Deed for use in India
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages7
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#33497
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.