Finance
An 'amortizing' mortgage loan in Louisiana means:
AThe loan balance increases over time
BRegular payments reduce both principal and interest over the loan term until the balance reaches zero✓ Correct
COnly interest is paid monthly with a balloon principal payment at maturity
DThe interest rate changes annually
Explanation
An amortizing mortgage has regular payments (monthly) that include both principal and interest, gradually reducing the loan balance over the term until it is fully paid off at maturity.
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