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Consider a 30-year, 4 percent, fixed-rate, fully amortizing mortgage with a yield- maintenance provision. Relative to this mortgage, a 10-year balloon mortgage with the same

Consider a 30-year, 4 percent, fixed-rate, fully amortizing mortgage with a yield- maintenance provision. Relative to this mortgage, a 10-year balloon mortgage with the same contract interest rate and yield maintenance provisions will primarily reduce the lender's

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