Multiple Choice
Community Trust Bank provides Devlin with a mortgage to buy a home.The rate of interest is fixed for seven years.At the end of that period,a large payment for the entire balance of the mortgage loan is due.This is
A) a balloon mortgage.
B) a hybrid mortgage.
C) a reverse mortgage.
D) a violation of the law.
Correct Answer:
Verified
Correct Answer:
Verified
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