Question: One advantage with a balloon payment loan is? Select the best choice listed below Group of answer choices the last payment is low this type

One advantage with a balloon payment loan is? Select the best choice listed below

Group of answer choices

the last payment is low

this type of loan is readily available to all borrowers

the initial payments are low

the borrower pays less in interest over the life of the loan (compared to a CP with the same interest rate)

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