blanket mortgage

Definition of "blanket mortgage"
  1. This is a type of mortgage that covers all real estate assets of the borrower
How to use "blanket mortgage" in a sentence
  1. The development company secured a blanket mortgage for all the properties in their portfolio.
  2. With a blanket mortgage, the borrower has the flexibility to sell individual properties without affecting the other properties in the mortgage agreement.
  3. A blanket mortgage can often simplify property management by allowing multiple properties to be grouped under a single loan.

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