The mortgage match is described below:
Balloon mortgage (Partial amortization loan)-A large portion of the borrowed principal is repaid at the end of the loan.
Adjustable-rate mortgage- Monthly payments adjust throughout the duration of the loan.
Hybrid mortgage -The monthly payment is initially at a fixed rate followed by a variable-rate period.
fixed-rate mortgage- Monthly payment will not increase.
The fixed-rate mortgage is known to be a type of mortgage that has a fixed interest rate in course of the entire duration of the loan.
This may be for 10 yr, 15 yr, 25 yr, or more. It is known to be the most common type of mortgage that is obtained or used by people.
Learn more about Mortgage from
https://brainly.com/question/545887
