问题如下:
A balloon payment
equal to a mortgage’s original loan amount is a characteristic of a:
选项:
A.bullet mortgage.
fully amortizing
mortgage.
partially amortizing
mortgage.
解释:
A is correct. A bullet mortgage is a special type of interest-only mortgage in which there are no scheduled principal repayments over the entire life of the loan. At maturity, a balloon payment is required equal to the original loan amount.
B is incorrect because with a fully amortizing mortgage, the sum of all the scheduled principal repayments during the mortgage’s life is such that when the last mortgage payment is made, the loan is fully repaid, with no balloon payment required.
C is
incorrect because with a partially amortizing mortgage, the sum of all the scheduled principal repayments is less than
the amount borrowed, resulting in a balloon payment equal to the unpaid
mortgage balance (rather than the original loan amount).
讲义里面
Balloon maturity provision:partically amotizating loan
所以我认为A balloon payment equal to a mortgage’s original loan amount is a characteristic of a partially amortizing mortgage. 这道答案是不是错了