CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

The type of mortgage in which there are no scheduled principal repayments over the entire life of the loan is referred to as a ______.

A. bullet mortgage
B. balloon mortgage
C. partially-amortizing mortgage
Correct Answer: A

In a bullet loan, payment of the entire principal is due at the end of the loan term.

User Contributed Comments 0

You need to log in first to add your comment.