American_Bankers_Association
CTFA · Question #227
_______ is a mortgage with a single large principal payment due at a specified future date.
The correct answer is B. Balloon payment mortgage. See the full explanation below for the reasoning.
Investment Management
Question
_______ is a mortgage with a single large principal payment due at a specified future date.
Options
- AFixed rate mortgage
- BBalloon payment mortgage
- CAdjustable rate mortgage
- DMarginal rate mortgage
How the community answered
(37 responses)- A8% (3)
- B73% (27)
- C14% (5)
- D5% (2)
Topics
#balloon payment mortgage#mortgage types#principal payment
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