What is Negative Amortization?
- TOCR Real Estate School
- Mar 27, 2023
- 1 min read
Negative Amortization is when interest on a mortgage loan has not been paid to the lender, it's added to the loan balance.
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With negative amortization, your balance will increase even after you make payments because you are not covering the interest. Visit here https://bestpaintingservicesusa.com Painting Services
When interest on a mortgage loan is not paid to the lender as required, it is added to the loan amount, which is known as negative amortisation.
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A loan repayment plan known as negative amortization enables borrowers to make smaller monthly payments that are less than the interest.
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