Match each type of mortgage to the feature described.
adjustable-rate mortgage
balloon mortgage
hybrid mortgage
fixed-rate mortgage
A large portion of the borrowed
principal is repaid at the end of
the loan.
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Monthly payments adjust
throughout the duration of
the loan.
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Monthly payment will not
increase.
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The monthly payment is initially
at a fixed rate followed by a
variable-rate period.
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Home » Mathematics » Match each type of mortgage to the feature described. adjustable-rate mortgage balloon mortgage hybrid mortgage fixed-rate mortgage A large portion of the borrowed principal is repaid at the end of the loan.