Finance
A mortgage loan that is interest-only for the first 10 years and then fully amortizes over the remaining 20 years is called a(n):
ABalloon mortgage
BARM with initial interest period
CInterest-only mortgage with amortization reset✓ Correct
DReverse mortgage
Explanation
This describes an interest-only period followed by a fully amortizing period — the borrower pays only interest for the first period, then principal and interest for the remaining term.
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