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May 23, 2006
Beware of Negative Amortization when Using ARMs to Purchase
When buying a property, a loan from the mortgage broker or local bank is often needed by the purchaser to purchase the property. There are two mainstream types of loans (with different variations of each); fixed-rate loans and adjustable-rate loans (from this point forward referred to as ARMs). The paragraphs below outline the dangerous possibility of negative amortization when using an ARM to finance a real estate
From Beware of Negative Amortization when Using ARMs to Purchase
Posted by Stephen at May 23, 2006 12:36 PM
