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Sacombank boosts securities mortgage lending

Sacombank boosts securities mortgage lending

This is a discussion on Sacombank boosts securities mortgage lending within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) recently officially launched the "Securities mortgage lending-CK300" product to support capital demanders. ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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09-05-2008, 05:48 AM

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Sacombank boosts securities mortgage lending

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) recently officially launched the "Securities mortgage lending-CK300" product to support capital demanders. At the same time, the bank has also built a safe risk management system ...

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