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

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17-01-2017
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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

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AlpenGlow AlpenGlow · Answer 1 · 2018-03-16T17:41:03+01:00

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.

austinneill25 austinneill25 · Answer 2 · 2018-03-19T18:48:24+01:00

austinneill25 austinneill25

19-03-2018

the answer to your question is balloon loan as the other person said .

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