Final answer:
Amy Stake has a Package Mortgage, which combines both real property and personal property, like furniture, in one loan.
Step-by-step explanation:
Amy Stake's mortgage, which includes both the house and additional personal property like furniture, is appropriately categorized as a Package Mortgage. In a Package Mortgage, real property (the house) and personal property (furniture and other items) are combined into a single loan, offering a comprehensive financing solution.
This differs from other types of mortgages, such as a Blanket Mortgage, which covers multiple properties under a single loan, a Wraparound Mortgage, which includes existing mortgages and adds a new one, or a Participation Mortgage, involving shared profits between lender and borrower. The distinctive feature of the Package Mortgage is its incorporation of both real and personal property in a unified financing arrangement, providing borrowers like Amy Stake with a comprehensive means of securing funding for both aspects of their property.