Finance
A seller in Delaware offers to 'carry back' a second mortgage to help the buyer close. This is known as:
AA purchase money mortgage✓ Correct
BA bridge loan
CA graduated payment mortgage
DA shared equity mortgage
Explanation
A purchase money mortgage (PMM) or seller carry-back is a mortgage given by the buyer to the seller as part of the purchase price, in which the seller acts as the lender for part of the transaction.
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