Finance
What is a 'purchase money mortgage' in Idaho real estate?
AA mortgage obtained to purchase the property, as distinguished from a refinance loan✓ Correct
BA mortgage given by the seller to the buyer as part of the sale
CAny mortgage over $100,000
DA mortgage that includes the purchase price and closing costs
Explanation
A purchase money mortgage is any mortgage used to acquire (purchase) the property. It is distinct from a refinance or home equity loan.
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