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QUESTION 11 10 points Save Answer Order these loans from highest monthly payment to lowest monthly payment Each of the following loans is for $300,000 and is a fixed rate mortgage with a 3.5% interest rate Balloon payment of $500,000 is due at maturity Balloon payment of $250,000 is due at maturity Balloon payment of $100.000 is due at maturity Interest only payments for the life of the loan The loan is fully repaid at maturity 10 points QUESTION 12 You can afford to pay up to 34,000 in payments every month for housing Which of the following mortgages would allow you to buy the most expensive property Assume you can afford the down payment in any of these scenarios.) A year fuy amorting with 5 contract interest rate and SM LTV A 25 yearTM with contract interest rate and OWLTV A year more with an interest only period of 5 years at afwed contract rate 4% and 95% LTV