On October 2, Delilah asked Cristophe to loan her $5,000 cash, using her Ford truck as collateral. She expected to need the cash the next week, on October 9. Cristophe agreed to do so, and so on that same day (October 2), Delilah signed a security agreement giving Cristophe a security interest in her truck, and also a financing statement describing the truck as collateral. The next day, Cristophe filed the financing statement with the state. However, later that same week, October 5, Delilah ran into more financial issues, and borrowed $9,000 cash from Francine. Since Delilah needed that cash right away, she agreed to let Francine have possession of the truck that same day (October 5). On October 9, Cristophe delivered the $5000 cash to Delilah. On November 9, Delilah defaults on her loan from Cristophe. Required:
Who has priority to the truck?

i might look it up later.

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.