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Mortgage Professor about adjustable loans: | |||||||||||||||||||||||
How Does Negative Amortization on a Mortgage Work?
September 15, 1998 Negative Amortization and Related Concepts Ordinarily, the mortgage payment you make to the lender has two parts: interest due the lender for the month, and amortization of principal. Amortization means ... more... Second Mortgage Versus Home Equity Loan June 9, 2003, revised August 30, 2003 "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar ... more... |
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adjustable loans related definitions |
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Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... Negative Amortization Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... |
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More about adjustable loans Procedures in Selecting the Best Home Loan Investing in Real Estate Profitably: Financing Options for Purchase of Rental Houses, Part 1. Home Loans Discovering Capital in Your Home Can The Home Loan That is Best For Your Bank Also Be Best Mortgage For You? Market Reaching its Peak Traditional Mortgages are Back in Style Your Mortgage Rate Compare and Save Home Buying 101 -- The Different Types of Mortgages Are Interest Rates Up, Up and Away? Home Loans and Mortgages The Selection Can Be Bewildering
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