Question
When a mortgage is being amortized over a 20 year period but the borrower must pay off the remaining balance after 10 years, this is
When a mortgage is being amortized over a 20 year period but the borrower must pay off the remaining balance after 10 years, this is known as:
| A. | an equipment loan | |
| B. | a car loan | |
| C. | an ARM loan | |
| D. | a balloon loan | |
| E. | an FHA loan |
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The Oxford Handbook Of Computational Economics And Finance
Authors: Shu-Heng Chen, Mak Kaboudan, Ye-Rong Du
1st Edition
0199844372, 978-0199844371
