What is a benefit of securing a balloon loan?
A. It’s a short-term loan
B. The interest rate may be lower than an ARM start rate or a standard fixed-rate loan
C. It has very easy underwriting criteria
D. The customer does not have to worry about qualifying
Answer:B
What is a benefit of securing a balloon loan?
A. It’s a short-term loan B. The interest rate may be lower than an ARM start rate or a standard fixed-rate loan C. It has very easy underwriting criteria D. The customer does not have to worry about qualifying