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Portfolio Loans

What is a portfolio loan?

Portfolio Loans are individual loans that have several properties used as collateral.  These loans may save the borrower money and time in closing costs by doing one loan instead of several loans.  Each month of loan term, the borrower will make one payment instead of several payments. The negative side to portfolio loan is that if the borrower defaults on the loan, all properties may be used as collateral.  

How are portfolio loans used?

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