The correct answer is D. junior mortgages.
A junior mortgage is a second or subsequent mortgage on a property, ranking after a senior mortgage. Junior mortgages are riskier for lenders than senior mortgages, because they are paid off only after the senior mortgage is paid off in full. This means that junior mortgage lenders are more likely to lose money if the borrower defaults on their loan.
Junior mortgages are often used to finance home improvements or other large purchases. They can also be used to consolidate debt or to raise cash. However, it is important to note that junior mortgages are a high-risk form of borrowing, and borrowers should only consider them if they are confident that they will be able to repay the loan.
Here is a brief explanation of each option:
- A loan mortgage is a general term for any mortgage loan. It does not specify whether the mortgage is a first or second mortgage.
- A medium mortgage is not a term that is commonly used in the mortgage industry. It is possible that it is being used to refer to a second mortgage, but this is not certain.
- A senior mortgage is a first mortgage on a property. It is the most secure type of mortgage, because it is paid off before any other mortgages.
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