Mortgages used to purchase townhouses and apartment complexes are classified as
A. multi mortgage
B. multifamily dwelling mortgages
C. sovereign dwelling mortgages
D. primary dwelling mortgages
Answer: Option B
Solution (By Examveda Team)
Mortgages used to purchase townhouses and apartment complexes are classified as multifamily dwelling mortgages. A mortgage is a loan from a bank or a financial institution that helps the borrower purchase a house. A mortgage is secured by the home itself, so if the borrower defaults on the loan, the bank can sell the home and recoup its losses.This Question Belongs to Management >> International Finance And Treasury
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