All but which of the following are conditions included in the right to conditionally modify a balloon loan?
A. The new rate cannot be more than 6% higher than the initial rate
B. The home must be owner-occupied
C. The balloon loan must be the only lien
D. The loan must be current
Answer:A
All but which of the following are conditions included in the right to conditionally modify a balloon loan?
A. The new rate cannot be more than 6% higher than the initial rate B. The home must be owner-occupied C. The balloon loan must be the only lien D. The loan must be current