Question

What is a senior loan?

Interesting Question?   (1)   (7)



Answers (1)

19th Nov 2009 by Burt Carlson

In real estate the senior loan (aka first mortgage or first lien) is secured by a property usually a home. In the event of default the first lien holder has a priority interest in the property which is the collateral or security for making the loan in the first place.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



17th Nov 2009 In Finance 1 Answers | 565 Views
Subjects: senior loan,

Answer This Question / Give Your Opinion
What is a senior loan?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
What are the different types of Bank of Ireland credit cards?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
What are the different types of Bank of Ireland credit cards?
Ask A Question
Get opinions on what you want to know:
Specific to any country?