Question
Iris is looking for a short-term mortgage that will allow her to pay fixed payments at a relatively low fixed interest rate during the life
Iris is looking for a short-term mortgage that will allow her to pay fixed payments at a relatively low fixed interest rate during the life of the mortgage and one large payment at the end of the term. What kind of mortgage should Iris take?
| A balloon-payment mortgage | ||
| A VA mortgage | ||
| A conventional mortgage | ||
| A graduated-payment mortgage |
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
