Commercial mortgages, farm mortgages and home mortgages are categories of

A. swapped mortgages

B. sovereign mortgages

C. secondary mortgages

D. primary mortgagees

Answer: Option D

Solution(By Examveda Team)

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.