Given the following information, what is the balloon payment at the end of a 7-year partially amortized mortgage? Loan amount: $84,000 Term: 30 years Interest rate: 4.5% Payment: $425.62 A. $65, 135 B. $68, 991 C. $73, 102 D. $75, 301 When evaluating an adjustable rate mortgage, the consideration of the alternatives requires comparison of all of the following EXCEPT the A. initial interest rate. B. margin. C. adjustment rate caps. D. loan amount. Which item is NOT considered a closing cost? A. title insurance B. first months payment C. mortgage insurance D. recording fees The Federal Truth in Lending Act does NOT require the disclosure of A. all finance charges connected to the loan. B. all compensation to originating brokers. C. legal fees. D. any other compensation the lender receives in connection with the charges. If the lender charges "up-front" points on a loan, what effect will prepayment of the loan have on the lender? A. higher yield for the lender B. lower yield for the lender C. not enough information D. none of the above