Negative Amortization Resets Loom Over Foreclosure Crisis
Posted December 10th, 2008 by adminOption ARM homeowners are waiting for Foreclosure. An Option ARM is a Negative Amortization Loan. With these so called Neg-Am mortgages, the borrower owes more at the end of each month if you make the minimum payment. 70 to 80% of people who got one of these loans make only the minimum payment each month. [...]
Tags: negative amortization, Option ARM
Filed under:Published Foreclosure Article