Finance
In Washington, which type of mortgage allows the borrower to use the property as collateral without it being in the borrower's name (used for investment purposes)?
ANon-recourse mortgage
BNon-owner-occupied investment mortgage with standard underwriting✓ Correct
CReverse mortgage
DWraparound mortgage
Explanation
Investment mortgages (non-owner-occupied) are standard financing for investment properties in Washington. The borrower's name is on the title and mortgage.
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