Openend Mortgage Deed Of Trust

Definition of "Open-end mortgage (Deed of Trust)"

Manuel (Manny) Florescu
Manuel (Manny) Florescu Real Estate One

A mortgage or trust deed that can be increased by the mortgagee (borrower). The mortgagee may secure additional money from the mortgagor (lender) through an agreement which typically stipulates a maximum amount that can be borrowed.

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