If the "Net Change" section of your cash flow statement has a negative balance, it could mean that your business is about to go out of business. You need to pay attention right away, because if you don't stop this bad trend, your business will...
Do you know how much money you could lose if you wreck your car or someone steals it? If the value of your car is less than the amount you still owe on your auto loan, your auto insurance policy might not cover everything you need. Gap insurance...
Are there really interest rates of 1.25 percent? Neg am mortgages figure out more than one mortgage rate. The payment rate is one, and the interest rate is the other. The payment rate is capped at 7.5% of the last payment, which is good news. The...
For most people with bad credit and no money, getting perfect credit seems like a pipe dream. People think that hiring a credit repair company or a lawyer to dispute bad credit will cost a lot of money. They are correct! I guess that's where the...
What is a loan that only pays the interest? This is a loan where only the interest is paid back each month. The principal is not paid back. The loaned money may be paid back in 10, 15, or 20 years. By making payments on the principal, a borrower...
People want to get sick just thinking about how dangerous our financial situation is in this country, like the well-known subprime mortgage meltdown. This financial epidemic has not only hurt individuals, but also a large number of "mom and pop"...
Owning a home is a big part of the American Dream and a big part of what makes someone middle class. Negative amortisation, on the other hand, can turn the dream into a nightmare if you are not careful.
Negative amortisation and home...
Negative amortisation, or "neg am," happens when a mortgage's minimum payment is less than the monthly interest. This means that the loan balance goes up instead of down. Most of the time, interest-only loans don't add to the amount owed on a...
Adjustable rate mortgages are a good option for many people who want to buy a home. Fewer borrowers know that these loans can cause problems with negative amortisation.
Adjustable Rate Mortgages
A lot of people get mortgages with...
No matter how close we are to our partner or how much we like and dislike the same things, we will always do little things that "bug" our biggest fan. Too often, these kinds of personal habits aren't talked about until the middle of a fight, when...