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Dividendscompound monthly. Find a Branch. You're leaving our website. You're about to leave the BayPort Credit Union website and visit a site we do not own or control. We've provided this link for your convenience. We do not endorse and are not responsible article source this site's content, links, and privacy or security policies. Ag lending has long been our specialty at Bay Port State Bank.

Chattel Mortgage: Definition, Types, and Examples A chattel mortgage is a loan used to purchase an item of movable personal property, such as a vehicle, which then serves as security for the loan. If a borrower defaults, then the FHA pays the lender. Crossover Loss Definition In a reverse mortgage, car repair loan no credit check crossover loss occurs when the loan balance exceeds the property value at the time that the loan pays off.

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