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Question 269 - CTFA discussion

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It is the mortgage that requires the borrower to pay only interest; typically used to finance the purchase of more expensive properties.

A.
Shared appreciation mortgage
Answers
A.
Shared appreciation mortgage
B.
Balloon payment mortgage
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B.
Balloon payment mortgage
C.
Interest-only mortgage
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C.
Interest-only mortgage
D.
Marginal rate mortgage
Answers
D.
Marginal rate mortgage
Suggested answer: C
asked 16/09/2024
Jason Smith
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