What Is A Mortgage Splitter Agreement

References: financial-dictionary.thefreedictionary.com/spreading+agreement mortgage companies can use the spreader mortgage agreement to obtain more collateral for the loan. This means that if a borrower cannot make mortgage payments to a property as part of the mortgage distribution agreement, the lender can close all the properties listed in the agreement, even if the others are up to date on their payments. The borrower may agree to enter into a spreader mortgage agreement in order to save money when paying larger mortgage registration fees when new mortgages are secured for real estate. A Spreader Agreement is a document that extends the scope of a mortgage on other real estate and sometimes to new lenders or borrowers.

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