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Blanket Mortgage
January 19, 2023
A blanket mortgage is a term that refers to a single mortgage loan that covers two or more real estate properties. In a loan such as this, the properties being financed are held as collateral in the case of a default. However, an individual property may be sold without retiring the entire mortgage. A blanket mortgage can help make financing multiple properties at once more accessible than taking out multiple mortgages at once.
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