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A balloon mortgage allows the borrower to finance a property on the basis of 100 percent debt financing Lower monthly payment than a fully amortizing

  1. A balloon mortgage allows the borrower to finance a property on the basis of
    1. 100 percent debt financing
    2. Lower monthly payment than a fully amortizing mortgage
    3. An amortization period which exceeds the term of the loan*
    4. All of the above
    5. None of the above

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