Finance
A package mortgage is one that:
ACovers multiple properties with one loan
BIncludes both real property and personal property in the loan✓ Correct
CPackages the mortgage with title insurance
DProvides a complete financial package to first-time buyers
Explanation
A package mortgage covers both real property (land and building) and personal property (appliances, furniture) under a single mortgage. It is sometimes used in resort properties or furnished condominiums.
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