1, 2, 3%.....can You Say Negative Amortization? - Work At Home Business Website

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1, 2, 3%.....can You Say Negative Amortization?
Submitted By: Paul Jerome <--More?
Category: Mortgages | Date Posted: 2006-07-31
Page Views: 55 | Rating: (?) Not Yet Rated | Wordcount: 788

mined threshold then all bets are off. The borrower can no longer pay that low, low payment rate. The borrower will also no longer have the option of paying an interest-only payment. The borrower will then be faced with having to pay a fully amortizing payment

at the fully indexed rate. In a worse case scenario, this could result in an almost tripling of the minimum payment required before the end of the second year.

Paul Jerome is a mortgage expert and frequent contributor to the brokencredit.com Broken Credit Blog The BCB is a free website created to assist the general public with information about credit repair and responsible mortgage lending.

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