Finance
In Hawaii, what is a 'participation mortgage'?
AA. A mortgage requiring all co-owners to participate in the loan
BB. A mortgage where the lender receives a share of the property's income or appreciation in addition to interest✓ Correct
CC. A government program requiring community participation in housing decisions
DD. A mortgage requiring the borrower to participate in financial counseling
Explanation
A participation mortgage gives the lender a participation right in the property's income or appreciation beyond the regular interest rate, used for commercial properties.
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