DEFINITION of 'Partial Release'

A mortgage provision allowing some of the pledged collateral to be released from the mortgage contract if certain conditions are met.

BREAKING DOWN 'Partial Release'

In other words, the partial release allows some of your collateral can be taken off the mortgage once a certain amount of the loan has been paid.

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RELATED FAQS
  1. If my mortgage lender goes bankrupt, do I still have to pay my mortgage?

    Yes, if your mortgage lender goes bankrupt you do still need to pay your mortgage obligation. Sorry to disappoint, but there ... Read Answer >>
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