Ask Question
8 October, 08:01

A balloon payment mortgage makes the best sense for borrowers who carefearful of?

A. taking risks when borrowing money.

B. planning on selling their homes before the term of the loan ends.

C. looking to avoid borrowing money from banks.

D. anticipating losing their jobs in the next few years.

+3
Answers (1)
  1. 8 October, 09:42
    0
    The answer is B.

    A balloon payment mortgage makes the best sense for borrowers who care fearful of planning on selling their homes before the term of the loan ends. A balloon payment mortgage is the mortgage which doesn’t completely amortize on the term of the communication; hence a balance is left due at development. It is called a balloon payment because the finishing payment is huge. It is usually seen in commercial real estate compared to residential real estate.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A balloon payment mortgage makes the best sense for borrowers who carefearful of? A. taking risks when borrowing money. B. planning on ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers