Finance
A Wisconsin buyer with a 'balloon mortgage' should understand that:
AMonthly payments will increase each year
BA large lump-sum payment is due at the end of the loan term✓ Correct
CThe interest rate adjusts monthly
DThe lender can demand repayment at any time
Explanation
A balloon mortgage requires a large lump-sum payment at the end of the loan term; monthly payments may be relatively low but the borrower must pay off or refinance the remaining balance at maturity.
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