Question

Borrowers taking a balloon payment mortgage most likely plan to rent out their homes. must repay the loan in five to ten years. are unwilling to accept any risk in borrowing money. remain in their homes for 30 years or more.

Answer 1

The Answer Is B: must repay the loan in five to ten years.

Step-by-step explanation:

Answer 2

Borrowers taking a balloon payment mortgage most likely "must repay the loan in five to ten years".
Balloon payment refers to a fixed amount of money connected to a loan someone takes; this sum has a greater value than the actual repayment costs and can be applied at fixed periods of time at the end. It can run for longer periods as well.