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The Smiths are purchasing a completely furnished cottage on a lake. They have obtained a deed of trust loan to cover the price of the property, including all furnishings and appliances. This type of financing is called a(n) ________.

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Answer: Package deed of trust

Step-by-step explanation:

According to the question, the smiths are basically purchasing the various types of appliances and also furnishing material that is obtained from a loan a deed of trust so that they can easily cover the property price.

In this type of financing a real transaction we can obtain in the form of loan from the third party such as from borrowers and banks.

We uses the mortgage in the for of package deed of trust for purchasing the various types of products and items.

Therefore, Package deed of trust is the correct answer.

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