Maybank Mortgage Trust Indenture maximizes the use of your property as it can be used as a collateral for a loan with multiple creditors.
As a benefit to availing of this product, Maybank shall ensure the following:
- Check the acceptability, sufficiency and legal registration of the mortgage or collateral assets
- Monitor the maintenance of the required collateral cover of the mortgaged property/ies
- Monitor the periodic appraisal of your documents
- Monitor the insurance coverage of and payment of taxes due on the mortgaged property/ies
- Determine the beneficial interest of each Lender and/or foreclose the mortgaged properties in the event of the Borrower's default
- Collect the insurance proceeds and/or apply the insurance and sales proceeds of the mortgaged property/ies to the beneficial interest of the lenders
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