The mortgage contract states that the debtor must pay a minimum of P100,000 per year on the 7% interest, P1,000,000 loan. The balance would be due by the end of the tenth year as a lump sum.
A.) Balloon payment mortgage
B.) Rollover mortgage
C.) Home equity loans
D.) Construction to permanent mortgages
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here