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17 January, 11:57

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

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Answers (1)
  1. 17 January, 12:16
    0
    The answer is C. Forclosure
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