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vesna_86 [32]
3 years ago
12

A short-term mortgage in which small payments are made until the completion of the term, when the entire balance is due, is ____

_. an ARM a balloon loan an escrow account PMI
Business
2 answers:
statuscvo [17]3 years ago
8 0
<span>A short-term mortgage in which small payments are made until the completion of the term, when the entire balance is due, is BALLOON MORTGAGE.

Balloon mortgage is a type of loan that needs to be paid in a lump sum or is repaid at the end of the loan period, in a single payment.  Depending on the agreement between the borrower and the lender, this type of payment may be interest free. Interest may apply but is usually smaller than long-term loans. 
</span>
lidiya [134]3 years ago
3 0
The answer to your question is balloon loan as the other person said .
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