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Commercial mortgages, farm mortgages and home mortgages are categories of
Answer & Solution
Correct Answer:
Option
D
Commercial mortgages, farm mortgages and home mortgages are categories of primary mortgagees. A mortgagee is an entity that lends money to a borrower for the purpose of purchasing real estate. In a mortgage lending deal the lender serves as the mortgagee and the borrower is known as the mortgagor.
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