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A developer would most likely obtain which of the following types of mortgage on a new subdivision?
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A developer would most likely obtain which of the following types of mortgage on a new subdivision?

User Sandeep Garg
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6 votes

Answer:

Blanket Mortgage

Step-by-step explanation:

This type of mortgage would suit developers because of their intention to create many individual parcels out of a large tract of land in order to be resold gradually. Blanket mortgage is a loan type that are used for buying more than one real estate property. This loans are popular with builders and developers because they buy huge lands and sell them in small bits over a period.

User Niorad
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