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Basic Question 3 of 6
The type of mortgage in which there are no scheduled principal repayments over the entire life of the loan is referred to as a ______.
B. balloon mortgage
C. partially-amortizing mortgage
A. bullet mortgage
B. balloon mortgage
C. partially-amortizing mortgage
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe fundamental features of residential mortgage loans that are securitized
CFA® 2025 Level I Curriculum, Volume 4, Module 19.