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3 votes
Matthew obtained a balloon mortgage but was late on a few payments during

the period of the loan. Which of the following is an unlikely option for him
once the balloon payment becomes due?
A. Sell the home
B. Refinance the balloon payment
C. Foreclosure
D. Pay balloon payment in full

2 Answers

2 votes

Answer:

The answer is C. Forclosure

User Janelly
by
5.1k points
4 votes

Answer:

Refinance the balloon payment

Explanation:

AP3X

User Hristo Deshev
by
5.8k points