Sell
Buy
Title Services
Home Estimate

Real Estate Glossary

What does Chattel Mortgage mean?

This is a type of loan that is used to finance the purchase of personal property, such as a car or a boat. A chattel mortgage is similar to a traditional mortgage, in that it involves the use of the property as collateral for the loan. However, unlike a traditional mortgage, a chattel mortgage is typically used to finance the purchase of movable property rather than real estate.

Hi! We’re here to make real estate simple. How can we help today?
Artur
Real Estate Assistant