A blanket mortgage can be used for many different real estate projects. This can be quite effective with a real estate market that is booming. A blanket loan reduces the expense and time involved in negotiating numerous smaller loan packages. It is a more flexible financing option. Builders, developers and investors can buy large areas. Individual houses or condominiums can be sold under the parameters of the blanket mortgage. This blanket mortgage permits debtors to avoid the "due-on-sale" clause, which makes the entire loan payable when the property is sold. Multiple units can be covered with a blanket loan. Flexibility is increased with the blanket mortgage so that investors have more latitude in handling sales. This is important in real estate with high volatility. Developers can adjust to changing circumstances with a blanket mortgage.