Blanket Mortgage Calculator

Use BiggerPockets' Mortgage Loan Calculator to determine monthly mortgage payments on properties. Enter your loan amount and current.

Blanket Mortgage Definition: A blanket mortgage is financing that covers multiple plots of land in a purchase by one borrower.Frequently, land developers will use the blanket mortgage to buy a larger piece of land for the purpose of splitting it into numerous separate parcels for development or resale. . Instead of having to mortgage each lot independently, a borrower can use a blanket.

A blanket mortgage is a financial product used to fund the purchase of two or more pieces of property. It is a common option used to fund commercial purchases. deeper definition

Residential Blanket Mortgage A blanket loan is a single mortgage that "covers," or is secured by, more than one parcel of property. They’re most commonly used by investors or commercial land developers, but in some cases they may also be used in residential transactions as a bridge between the old and new mortgage.

Tip. A blanket mortgage is a single mortgage that includes two or more properties. The resulting aggregate mortgage is collateralized by all the properties, but an individual property may be sold without collapsing the mortgage, depending on the terms of the blanket agreement.

Commercial Property Loan Calculator. This tool figures payments on a commercial property, offering payment amounts for P & I, Interest-Only and Balloon.

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