Question

Which of the following financing options will pay off the mortgage in the

Answer 1

Answer:

Balloon mortgage with balloon payment refinanced at lower rate ( B )

Step-by-step explanation:

paying up Mortgages is usually a very big relief on the person paying up the mortgage. and doing this on time is also very much more relieving .

One of the financing options that can be used to achieve this early payment in the shortest possible time is to Balloon mortgage with balloon payment refinanced at lower rate

while making balloon payment by using the refinancing method make sure that the interest rate is lower compared to making the regular payments. payment of mortgage through refinancing means reducing the amount of years the mortgage will have been paid off to a shorter time by making large payments every month and this usually comes at a lower rate

Answer 2

It’s D. Balloon mortgage with ballon payment pain in full ape.x