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Which of the following statement is FALSE? Lender and borrower share the interest rate risk in the adjustable-rate mortgage Constant-amortization mortgage has an equal periodical

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Which of the following statement is FALSE? Lender and borrower share the interest rate risk in the adjustable-rate mortgage Constant-amortization mortgage has an equal periodical amortization amount. Interest-only loan has a balloon payment due at the maturity. Graduate-payment mortgage is suitable for turnaround properties or investors with cash constraint in the earlier holding period

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