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Question 263 - CTFA discussion

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_______ is a mortgage with a single large principal payment due at a specified future date.

A.
Fixed rate mortgage
Answers
A.
Fixed rate mortgage
B.
Balloon payment mortgage
Answers
B.
Balloon payment mortgage
C.
Adjustable rate mortgage
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C.
Adjustable rate mortgage
D.
Marginal rate mortgage
Answers
D.
Marginal rate mortgage
Suggested answer: B
asked 16/09/2024
Renata Maria DA SILVA
46 questions
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