Finance
A Massachusetts mortgage with a 'balloon payment' means:
AThe monthly payments increase over time
BThere is a large final payment due at the end of a short loan term✓ Correct
CThe interest rate adjusts monthly
DThe lender can call the loan at any time
Explanation
A balloon mortgage has regular periodic payments (often interest-only or partially amortizing), with a large lump-sum 'balloon' payment due at the end of the short loan term (typically 5-7 years).
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