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Danger of Deferred Interest Mortgages: Understanding the Risks of Negative Amortization Home Loans
By Team iBizExpert On February 10, 2022 04:15 AM
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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...
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