Finance
A balloon mortgage in Utah features:
AMonthly payments that gradually increase over time
BA large lump-sum payment due at the end of the loan term✓ Correct
CAn interest rate tied to stock market performance
DPayments that decrease over the life of the loan
Explanation
A balloon mortgage has relatively low periodic payments but requires a large final payment (the balloon) at maturity. Borrowers must refinance or pay the balance in full when it comes due.
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