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August 01, 2006
Deferred Interest Mortgages: Investing the Money Saved from a Neg Am Payment Can Make You
Negative amortization loans, also known as deferred interest loans, payment option ARMs (adjustable rate mortgages), neg am loans and other titles, are loans with interest rates based on MTA, COFI and other indices that have payment adjustment caps in addition to interest rate adjustment caps. With interest rates rapidly rising, these have been an item of controversy because of how they can result in loss of equity and an increased mortgage
From Deferred Interest Mortgages: Investing the Money Saved from a Neg Am Payment Can Make You
Posted by Bob at August 1, 2006 12:07 PM
