Question:

A mortgage which provides for securing the amount of the initial loan together with any sums later loaned to the mortgagor is known as a (n) `____`

A open-ended mortgage.

Explaination

An open-ended loan is one that allows for future advanced monies as part of the original commitment, such as a home equity line of credit (HELOC).

A mortgage which provides for securing the amount of the initial loan together with any sums later loaned to the mortgagor is known as a (n) ____