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Blanket Mortgage

Looking for a Commercial Mortgage?

 

A blanket mortgage is a mortgage loan which covers more than one property owned by the same borrower or or parcel of real estate.  A blanket mortgage can save a lot of time because you donít have to get individual mortgages on each piece of property.

For example, a borrower could use a blanket mortgage that covers both a primary and a second home.  Another example would be a builder using a blanket mortgage to cover all of the lots in the builder's subdivision. 

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