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Question 7 of 10 Fred obtained a balloon mortgage and made regular payments for the period of the loan. Which of the following is an unlikely option for him once the balloon payment becomes due? A. Foreclosure
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Question 7 of 10

Fred obtained a balloon mortgage and made regular payments for the period
of the loan. Which of the following is an unlikely option for him once the
balloon payment becomes due?
A. Foreclosure
B. Pay balloon payment in full
C. Sell the home
D. Refinance the balloon payment

User Arshu
by
5.1k points

1 Answer

6 votes

Answer:

foreclosure

Step-by-step explanation:

User Hiashutoshsingh
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