1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ELEN [110]
4 years ago
7

What is the main difference between ballon mortgage and arm

Business
2 answers:
LenKa [72]4 years ago
4 0

Answer:

A balloon mortgage is a type of a loan that requires the borrower to make the payment as a lump-sum at the maturity period while under the ARM the borrower is allowed to choose the small periodic payments suitable for both the lender and the borrower.  

ARM is the abbreviation for Adjustable Rate Mortgage. therefore the loan repayment changes according to agreement between the lender and the  borrower.

OverLord2011 [107]4 years ago
3 0

Explanation:

Mortgages is a legal document between the lender and the borrower. Lender can be a bank or a financial institution which takes the borrower's property as a collateral and charge a percentage of interest on the money. A Balloon mortgage is a loan in which the borrower has to pay the lump sum amount to fulfill repayment. Balloon loans are short term duration loans. These are interest only installment payments. ARM Mortgage is the Adjustable Rate mortgage in which the percentage of interest is adjusted periodically on the basis of index

You might be interested in
The first thing that the customer needs to do to take a loan is what
PtichkaEL [24]
Check their credit will be your answer hope this helped plz mark brainlist
7 0
3 years ago
Successful activity-based costing (ABC) implementation depends upon the firm: __________.a. Having support of consultants with n
miskamm [114]
Idknsnnsjwjqnwjwbwbwbwbbwbsbsbbs
8 0
3 years ago
A fourminusfirm concentration ratio measures
maria [59]
<span>A four-firm concentration ratio measures the fraction of an​ industry's sales accounted for by the four largest firms. A four-firm concentration ratio compares different companies within the same market and the type of control they have over it. The control is in relation and indication of an oligopoly that the companies create together. 
</span>
6 0
3 years ago
In June, one of the processing departments at Furbush Corporation had ending work in process inventory of $12,000. During the mo
andre [41]
Search up A gardener can increase the number of dahlia plants in an annual garden by either buying new bulbs each year or dividing the existing bulbs to create new plants . The table below shows the expected number of bulbs for each method

Part A
For each method,a function to model the expected number of plants for each year

Part B
Use the Functions to Find the expected number of plants in 10 years for each method.

Part C
How does the of plants in five years compare to the expected number of plants in 15 years !Explain how these patterns could affect the method the gardener decides to use.
7 0
3 years ago
Is marihuana legal in california?
ikadub [295]
I believe medical marijuana is legal. 
8 0
3 years ago
Read 2 more answers
Other questions:
  • On January 10, 2017, a man in Lebanon, Virginia, frustrated with the DMV bureaucracy, paid his DMV bill with 300,000 pennies tha
    12·1 answer
  • The owner of supermarket chain Reynold's wants to offer nonfood items such as greeting cards and magazines. However, Reynold's d
    7·1 answer
  • Supernova inc. is a gadgets and accessories retailer that has recently introduced a new concept. a customer can order products n
    6·1 answer
  • Which of the following is a true statement based upon the principle of the time value of money?
    13·2 answers
  • Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home
    8·1 answer
  • The short-run aggregate supply curve would shift to the left for all the following reasons EXCEPT: a decrease in productivity. a
    10·1 answer
  • When monetary authorities set interest rates, what happens to the money supply? Why is money supply important in monetary policy
    12·1 answer
  • How many peolpe come in a job in the moring
    7·1 answer
  • ____________ reflects the understanding that the cost of repairing an unexpected breakdown is usually much greater than preventa
    8·1 answer
  • Finley is a positive, motivator leader who encourages his employees to socialize, harness their creativity, and set goals. What
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!