What Is a Blanket Rate?

A package of mortgages is a form of loan that is secured and secured. The mortgage contract not only stipulates the principal, interest rate, term, etc. of the loan repayable, but also stipulates that the borrower must participate in construction insurance, property insurance or life insurance, etc. The insurance costs shall be borne by the borrower, and the business shall be handled by the loan financial institution. At the same time, it also requires that buyers of borrowed housing will regularly pay the real estate tax and household maintenance costs, etc., to the financial institution of the loan. ^[1]