chattel mortgage fee

**hwitwowans** · August 7th, 2012 04:59 AM

Originally Posted by stavros

Alam mo ba kung ano talaga yung fee na ito? :D

paki-explain nga po sir

**dfopiso** · August 7th, 2012 05:46 AM

Originally Posted by hwitwowans

sirs may nakapagsabi saken na pwedeng wala ng chattel mortgage fee kung hindi mo muna ipapangalan sa'yo yung car na ni-loan mo sa bangko hanggat di pa tapos ang pagbabayad mo.totoo kaya ito?at ok lang kaya ito?

Originally Posted by stavros

Alam mo ba kung ano talaga yung fee na ito? :D

From wikipedia Chattel mortgage - Wikipedia, the free encyclopedia

Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable personal property (the chattel) from the lender. The lender then secures the loan with a mortgage over the chattel. Legal ownership of the chattel is transferred to the purchaser at the time of purchase, and the mortgage is removed once the loan has been repaid

**calix0305** · August 25th, 2012 10:45 PM

afaik chattel mortgage fee is being use by banks to pay for the applications, registrations, tax, and other mandatory documents to the government.

**NightRock** · June 16th, 2013 11:26 AM

its gonna be my last payment next month.. what are the steps for clearing mortgage?? and is there anything I need to process for registration renewal for relasing mortgage?? what are the step by step procedures?

**Balikpinoy** · June 16th, 2013 11:37 AM

Originally Posted by NightRock

its gonna be my last payment next month.. what are the steps for clearing mortgage?? and is there anything I need to process for registration renewal for relasing mortgage?? what are the step by step procedures?

Contact your bank for the procedures.

**boybi** · June 17th, 2013 01:59 PM

Pwede mi naman ipalakad nalang sa bank mo yung pag cancel ng mortgage sa RD and pag kuha ng new CR if wala kang time or hassle for you. Syempre may babayaran kang processing fee.