Partial Release

What does it mean?
A mortgage provision allowing some of the pledged collateral to be released from the mortgage contract if certain conditions are met.

In Other Words...
In other words, the partial release allows some of your collateral can be taken off the mortgage once a certain amount of the loan has been paid.

Related Links
The Reverse Mortgage: A Retirement Tool - Discover another way to fund your retirement without having to make payments on a loan.

Related Terms
Collateral | Loan | Mortgage

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