Finance
A balloon mortgage in Ohio is characterized by:
APayments that increase gradually over the loan term
BRegular periodic payments followed by a large final payment of the remaining balance✓ Correct
CAn interest rate that adjusts every year
DEqual principal and interest payments throughout the full term
Explanation
A balloon mortgage requires regular payments (often interest-only or partially amortizing) for a set period, after which the remaining balance becomes due in a large lump-sum ('balloon') payment.
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