What is a collateral mortgage? We get asked this question A LOT! Everyone has heard this term, very few know what it means. Lots of people tell me they have seen the CBC Marketplace episode and they know that collateral charges are bad. The truth is that they are not good or bad, they just are. Collateral mortgages are only bad when you don’t know that you are getting one and then get caught by the fine print. They can also be great for people who need them and know how