urgent

Question 19 (1 point) Which of the following statements about types of mortgages is FALSE? Collateral mortgages include additional mortgages being placed on other real property owned by the borrower and/or guarantor(s) of the mortgage. Blanket mortgages can be used to secure a large loan and multiple mortgage documents must be registered at each appropriate land title office. In a mortgage consortium, each lender will advance agreed-upon proportions of a loan, secured by a single mortgage in favour of the lenders jointly or in favour of a trustee as their joint representative. A vendor take-back mortgage is given to a vendor by the purchaser, securing the unpaid portion of the purchase price after closing