Explain the use of a balloon payment mortgage

Reference no: EM131227402

Balloon-Payment Mortgage:

Explain the use of a balloon-payment mortgage. Why might a financial institution prefer to offer this type of mortgage?

Reference no: EM131227402

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Is it efficient for the land to be developed : What amount of compensation should the developer receive if he is prohibited from developing the land and it is found to be a taking?

Explain the use of a balloon payment mortgage : Explain the use of a balloon-payment mortgage. - Why might a financial institution prefer to offer this type of mortgage?

Why is the 15 year mortgage attractive to homeowners : Why is the 15-year mortgage attractive to homeowners? - Is the interest rate risk to the financial institution higher for a 15-year or a 30- year mortgage? Why?

How caps on arms affect a financial institutions exposure : How does initial rate on adjustable-rate mortgages (ARMs) differ from rate on fixed-rate mortgages? - How caps on ARMs can affect a financial institution's exposure to interest rate risk.

Evaluate compensation question based on nuisance exception : The case of Goldblatt v. Town of Hempstead (369 U.S. 590, 1962) involved a takings claim by the operator of a gravel pit who was prohibited by a town ordinance from continuing to excavate from an open pit that had gone below the water table.

Does this make economic sense : What if the increase in value of the untaken land exceeds the value of the taken land?

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