Finance
A balloon mortgage requires:
AConstant monthly payments throughout the entire loan term
BA large lump-sum payment of the remaining balance at the end of a shorter term✓ Correct
CNo down payment from the borrower
DMonthly payments that decrease over time
Explanation
A balloon mortgage has periodic payments (often interest-only or partially amortized) followed by a large balloon payment of the remaining principal at the end of the loan term.
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