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December 12, 2006
Why Negative Amortization Mortgages are Controversial in the
Chances are if you've been reading about Negative Amortization mortgages, you have been warned off of them. Consumer groups are up in arms about these mortgages, but it isn't really the product itself that is dangerous. Misinformed borrowers that are uneducated about payment option ARMs can get themselves into big trouble. Mortgage brokers not offering full disclosures and educating their clients are also part of the problem. However, if you understand how the pay option mortgage works and are in the right financial situation, negative amortization mortgages may be the right tool for
From Why Negative Amortization Mortgages are Controversial in the
Posted by John at December 12, 2006 04:01 PM
