Match the mortgage types with their descriptions. It requires the
buyer to make
a 20% down
payment
A large portion
of principal is
paid in a
single
payment at
the end of
the loan
It has the
same interest
rate for the
life span of
the loan.
It initially has
a fixed rate
for three to
It requires a
lower down
payment
and allows
buyers to
have a lower
credit score.
five years
and then
adjusts at a
predetermined
time.
It starts with
a low interest
rate and then
adjusts
throughout
the duration
of the loan.
conventional
balloon
fixed-rate
adjustable-rate
hybrid
government-
Insured