Finance
In Colorado, a 'blanket mortgage' is typically used in:
AFirst-time homebuyer programs
BCommercial real estate development where one mortgage covers multiple parcels✓ Correct
CRefinancing a single-family home
DFHA loan programs
Explanation
A blanket mortgage covers multiple parcels of real estate under a single mortgage. It is commonly used by developers who need financing for a subdivision or portfolio of properties.
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