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Question # 32

Which of the following best describes the primary risk of interest-only loans?

Options:

A.

Borrowers overpay during the interest-only period

B.

Borrowers face a lump-sum payoff at closing

C.

Borrowers may face higher payments once principal repayment begins

D.

Borrowers cannot refinance after 5 years

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Loan Officer Overview

Name Loan Officer
Code Loan Officer
Vendor Finance, Insurance and Real Est
Certification State Licensing Boards

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