Finance
A balloon mortgage common in Oklahoma seller financing arrangements requires the borrower to:
AMake escalating payments each month
BMake regular (often interest-only or partially amortizing) payments for a fixed term, then pay the entire remaining balance in one lump sum at the end of the term✓ Correct
CPay a large down payment
DBalloon payments are prohibited in Oklahoma
Explanation
Balloon mortgages feature regular payments followed by a large lump-sum 'balloon' payment at term end. Sellers who carry financing sometimes use this structure, expecting buyers to refinance with conventional financing before the balloon comes due.
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