Multiple Choice
Iris is looking for a short-term mortgage that will allow her to pay fixed payments at a relatively low fixed interest rate during the life of the mortgage and one large payment at the end of the term.What kind of mortgage should Iris take?
A) A balloon-payment mortgage
B) A VA mortgage
C) A conventional mortgage
D) A graduated-payment mortgage
Correct Answer:
Verified
Correct Answer:
Verified
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