|
Negative Amortization Loan
Alaska Negative Amortization
Loan
Alaska 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.
|
|
