When it comes to mortgages, there are two charges that a bank can apply to your land title. This episode explains the key differences between a standard and collateral charge mortgage.

Key points:

• standard charge mortgages are the most common charges
• collateral charges are re-advancable and non-transferrable
• be cautious about taking the path of least resistance when it comes time to renew your mortgage. It may be a little more work, but be sure to explore ALL of your options (with a Mortgage Broker!)

MarkoMusic tracks: (produced and performed my Marko)

• the opening track features a piece called "Collateralization" (distorted harmonizing guitars with a slow punk drum groove in a 1-4-5 chord progression)
• the closing track is a song from a band that Marko played in (1990-99ish), Sleeping Lorry. Song is called, "Go".
• Sleeping Lorry: Joseph Vulic (guitar-vocals), Marko Gelo (lead guitar-mandolin-back vocals), Darko Kulas (bass guitar), Robert Vulic (drums)

Contact Marko, he's a Mortgage Broker:

604-800-9593 direct Vancouver

403-606-3751 direct Calgary

markogelo.com

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@markogelo (Twitter)

MarkoMusic (SoundCloud Account)...all podcast music tracks are performed and produced by Marko

Click Here to download Marko's Mortgage App (information, rates, calculators, etc)

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