A mortgage which 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 a type of mortgage that requires interest payments for a set period of time, typically three to five years, then the full principal balance is due at the end of the term. This type of mortgage is commonly used by borrowers who expect to have a larger sum of money in the future, such as from a salary increase or investment, to pay off the principal balance.

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