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A ____ Mortgage Allows Borrowers to Initially Make Small Payments

Question 29

Multiple Choice

A ____ mortgage allows borrowers to initially make small payments on the mortgage, which are then increased on a graduated basis over the first five to ten years; payments then level off fromthere on.


A) balloon-payment
B) graduated-payment
C) shared-appreciation
D) growing-equity
E) none of the above

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