Finance
A 'blanket mortgage' covers:
AA borrower's credit history across all lenders
BMultiple parcels of property under a single mortgage✓ Correct
CA mortgage insured by multiple government agencies
DA mortgage that covers both the home and its contents
Explanation
A blanket mortgage (or blanket lien) covers two or more parcels of real property under a single mortgage instrument. It is commonly used by developers who purchase multiple lots or parcels with a single construction loan.
Related Alaska Finance Questions
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