 |
|
|
|
|
|
Alabama Negative Amortization
Loan
Alabama Negative Amortization
loan allows negative amortization;it means the borrower is allowed to
make a monthly mortgage payment that is less than the interest actually
owed during that month. With neg-am loans, if you don't make the
full payment, the rest of the payment will be added to your loan
balance, thus increasing your loan balance. It is up to you how much your
monthly payment will be.