Balloon paymeants are paymeants that are
A. Larger than the others and occur at the beginning of the loan term.
B. Lager the get smaller as time goes by.
C. Lager than the others and occur at the of loan term.
D. Typical in mortgages with 30-year terms.
Balloon payments are the payments that are larger than the others and occurs at the end of the loan term.
Option C
Explanation:
A balloon payment is a substantial amount scheduled for the last of a globular debt, for example mortgage, business loan or other depreciated loan. Close to a refund of an email.
In the standard 30-year home mortgage, a revolving payment is not commonly used.
Payments for balloons are sometimes at least twice as high as the original loan payments. In a declining home market, a ballon payout may be a major issue because sellers may Could not sell their houses as well as before the payment.
