how are balloon payment mortgages different from traditional mortgages? check all that apply.\nthe term is…

how are balloon payment mortgages different from traditional mortgages? check all that apply.\nthe term is shorter than for traditional mortgages.\nunlike traditional mortgages, the borrower pays no interest.\na large payment is due at the end of the term.\nballoon mortgages are not issued by banks.\nballoon mortgages are more commonly used by home buyers than traditional mortgages.

how are balloon payment mortgages different from traditional mortgages? check all that apply.\nthe term is shorter than for traditional mortgages.\nunlike traditional mortgages, the borrower pays no interest.\na large payment is due at the end of the term.\nballoon mortgages are not issued by banks.\nballoon mortgages are more commonly used by home buyers than traditional mortgages.

Answer

Brief Explanations:

  1. Balloon - payment mortgages often have shorter terms compared to traditional ones.
  2. Borrowers of balloon - payment mortgages do pay interest.
  3. A large lump - sum (balloon) payment is due at the end of the term in balloon - payment mortgages.
  4. Banks do issue balloon - payment mortgages.
  5. Traditional mortgages are more commonly used by home - buyers than balloon - payment mortgages.

Answer:

A. The term is shorter than for traditional mortgages. C. A large payment is due at the end of the term.