Finance
A Massachusetts commercial mortgage typically has which loan term compared to a residential mortgage?
AIdentical terms (30 years fully amortizing)
BShorter terms (5-10 years) with longer amortization periods and balloon payments✓ Correct
CLonger terms (50-99 years)
DOnly variable-rate terms
Explanation
Commercial mortgages in Massachusetts typically have shorter loan terms (5-10 years) with amortization over 20-25 years, resulting in a balloon payment at the end of the term when the remaining balance is due.
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