Finance
In New Mexico, a 'blanket mortgage' is used most often by:
AFirst-time homebuyers buying a single-family home
BDevelopers who mortgage multiple parcels under one loan✓ Correct
CVA-eligible veterans only
DCommercial tenants
Explanation
A blanket mortgage covers multiple properties under a single loan. It is commonly used by developers who need financing across multiple lots of a subdivision, with individual lots released from the blanket as they are sold.
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