Final answer:
A package mortgage is a loan arrangement that includes real estate and personal property including furniture and kitchenware.
Step-by-step explanation:
The loan arrangement that includes not only a loan on the real estate but also the personal property, including furniture and kitchenware, is known as a package mortgage. This loan covers both real and personal property and provides financing for a home together with all the personal property included within its boundaries. Other types of loans mentioned, such as chattel mortgage, blanket mortgage, and reverse mortgage, have different structures and purposes. A chattel mortgage is secured by movable personal property, a blanket mortgage covers multiple pieces of real estate, and a reverse mortgage is designed for older homeowners to borrow against the equity in their home.