30/15 refers to:
A. A 30-year loan that balloons at 15 years and lacks a conditional right to modify
B. A 15-year loan that balloons in 15 years and has a conditional right to modify
C. A 15-year loan that balloons in 15 years and lacks a conditional right to modify
D. A 30-year loan that balloons in 15 years and has a conditional right to modify
Answer:A
30/15 refers to:
A. A 30-year loan that balloons at 15 years and lacks a conditional right to modify B. A 15-year loan that balloons in 15 years and has a conditional right to modify C. A 15-year loan that balloons in 15 years and lacks a conditional right to modify D. A 30-year loan that balloons in 15 years and has a conditional right to modify