2. Types of residential mortgages use the following table to determine which type of mortgage loan each definition/example best represents. Mortgage Loan Type Graduated Growing Balloon- Fixed- Payment Equity Payment Rate Definition/Example Second Share- Appreciation Adjustable Rate The type of mortgage that requires the borrower to make only interest payments for a few years and then one large principal payment (for the value of the loan) after that time period o The type of mortgage that we borrowers to make small payments at the beginning of the mortgage life and larger payments that continue to grow over the life of the loan o OSO The type of mortgage that modifies the borrower's interest rate over the life of the marto The type of mortgage that is given out when there is already a mortgage on a home and that typically has a higher interest rate than the initiat mortgage