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Can i take out a larger mortgage than i need to buy furniture

 
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Maynard


Can i take out a larger mortgage than i need to buy furniture?
0     In Mortgage Cont.20

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    Q. Can i take out a larger mortgage than the house is worth?


    "Limitations that come with this type of mortgage as it will be harder to..."



    The new mortgage from TD Canada Trust is called collateral-charge mortgages and allows clients to be approved for up to 125% of the value of the home in some cases. However there are some limitations that come with this type of mortgage as it will be harder to switch to another lender due to the fact that the collateral mortgage must paid in full first.

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