When Personal Property Items Such as a Range,refrigerator,and Household Furnishings

Multiple Choice

When personal property items such as a range,refrigerator,and household furnishings may be included in the home loan,which usually carries a longer term and lower interest rate than if the borrower had financed these items with a separate consumer loan,this is referred to as a:

A) Purchase-money mortgage (PMM)
B) Package mortgage
C) Home equity loan
D) Reverse mortgage