Finance
Which type of Massachusetts mortgage allows the lender to call the entire loan balance due at any time?
AAmortizing mortgage
BDemand mortgage (call loan)✓ Correct
CBalloon mortgage
DInterest-only mortgage
Explanation
A demand mortgage (call loan) contains a clause allowing the lender to demand full repayment at any time. These are rare in residential lending but may appear in commercial or hard money lending.
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