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Roger just discovered that his loan includes a hidden balloon payment, so now he must ___________.

a) Refinance
b) Prequalify
c) Amortize
d) Accelerate

1 Answer

1 vote

Final answer:

When faced with a hidden balloon payment, Roger should look into refinancing his loan.

Step-by-step explanation:

When Roger discovered that his loan includes a hidden balloon payment, he must refinance. Refinancing is the process of replacing an existing loan with a new loan, often with better terms or lower interest rates. By refinancing, Roger can avoid the burden of the balloon payment and potentially save money in the long run.

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