Partially amortizing mortgage loans require periodic payments of principal, but are not paid off completely over the loan's term

Question

4 years ago

11

Partially amortizing mortgage loans require periodic payments of principal, but are not paid off completely over the loan's term

to maturity. Instead, the balance of the principal amount is paid at maturity in what is commonly referred to as a:_________.
A. balloon payment
B. early payment
C. up-front payment
D. payment cap

Business

1 answer:

goblinko [34] · Answer 1 · 2021-12-28T12:14:32+03:00

goblinko [34]4 years ago

5 0

Answer:

A. balloon payment

Explanation:

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