Question: A balloon mortgage that includes a conditional refinance provision allows the borrower to:Request that the loan be refinanced and converted to a 3 0 -

A balloon mortgage that includes a conditional refinance provision allows the borrower to:Request that the loan be refinanced and converted to a

30 -

year fixed

-

rate loanRescind the transaction if the loan becomes too expensiveRequest modification of the terms of the loan when it reaches maturityRefinance the loan if he or she is in default

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