Finance
A 'package mortgage' includes:
AA. Multiple properties as collateral for one loan
BB. Both real and personal property (fixtures, appliances) as security for one loan✓ Correct
CC. A loan package that includes life insurance
DD. Multiple loans bundled into one monthly payment
Explanation
A package mortgage uses both real property and personal property (furniture, appliances, fixtures) as collateral for the loan. It is common in new construction and resort properties where furnishings are included in the purchase.
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