Finance
In Maryland, a 'balloon mortgage' requires:
AMonthly payments that decrease over time
BA large lump-sum payment of remaining principal at a specified end date✓ Correct
CInterest-only payments for the full loan term
DBi-weekly instead of monthly payments
Explanation
A balloon mortgage has regular (usually lower) payments during the term, followed by a large lump-sum 'balloon' payment of the remaining principal balance at maturity.
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