Ask Question
7 July, 04:13

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

+3
Answers (1)
  1. 7 July, 04:19
    0
    Blanket Mortgage

    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A developer would most likely obtain which of the following types of mortgage on a new subdivision? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers