Finance
A package mortgage includes:
AMultiple properties as collateral
BBoth real and personal property (appliances, furniture) as collateral for the loan✓ Correct
CA bundle of investment mortgages sold together
DA first and second mortgage combined into one payment
Explanation
A package mortgage uses both real and personal property (appliances, fixtures, furnishings) as security for the loan. It is common in furnished condominium purchases.
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