(A) Hypothecated
(B) Closed-end
(C) Open-end
(D) Amortized
Answer: (C) An open-end mortgage is the type in which additional funds may be advanced to the borrower without the necessity of writing a new mortgage for each advance.
Saturday, 18 January 2020
Question: A mortgage which may be increased by advancing additional funds to the borrower is known as:
Written by Super User Posted On Thursday, 12 December 2019 05:00
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