A mortgage that requires interest payments for a three- to five-year period, then full payment of principal, is a(n)

Name: A mortgage that requires interest payments for a three- to five-year period, then full payment of principal, is a(n)
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A balloon-payment mortgage is characterized by a payment structure that involves relatively low, interest-only payments for a set period, followed by a large lump sum payment for the remaining principal amount at the end of the term.

A Mortgage That Requires Interest Payments for a Three- to Five-Year