Rank the following types of mortgages by amount outstanding from largest to smallest.
I. Home mortgages
II. Multifamily mortgages
III. Farm mortgages
IV. Commercial mortgages

Question

Quizplus · Accepted Answer

Home mortgages typically have the largest amount outstanding due to the high number of individual homeowners. Commercial mortgages follow, as businesses and commercial properties often carry significant mortgage values. Multifamily mortgages, for properties like apartment buildings, come next. Farm mortgages tend to have the smallest amount outstanding, reflecting the smaller scale of borrowing in the agricultural sector compared to residential, commercial, and multifamily real estate.

Rank the Following Types of Mortgages by Amount Outstanding from Largest