113 A balloon payment can be risky for a consumer if the property value falls or: A) the consumer falls to maintain the property. B) the consumer has had more than two x 30- day late payment. C) the consumer's financial condition declines. D) the consumer's credit score drops below the score used to approve the loan.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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113 A balloon payment can be risky for a
consumer if the property value falls or:
A) the consumer falls to maintain the property.
B) the consumer has had more than two x 30-
day late payment.
C) the consumer's financial condition declines.
D) the consumer's credit score drops below the
score used to approve the loan.
Transcribed Image Text:113 A balloon payment can be risky for a consumer if the property value falls or: A) the consumer falls to maintain the property. B) the consumer has had more than two x 30- day late payment. C) the consumer's financial condition declines. D) the consumer's credit score drops below the score used to approve the loan.
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