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Interest-Only Mortgage Tutorial
Here is what you will learn in this tutorial: 1. What is an interest-only mortgage? 2. For what types of borrowers is it suitable? 3. What are the hazards you should watch out for? 4. What information do you need to assess an IO mortgage? 5. How ... more... Tutorial on Selecting Mortgage Features Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more... |
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mortgage payment related definitions |
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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... Graduated Payment Mortgage, GPM Graduated Payment Mortgage, GPM A type of flexible-payment mortgage where the payments increase for a specified period of time and then level off. This type of mortgage has negative amortization built into it. A mortgage that has lower payments initially (with potential ... more... |
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More about mortgage payment Mortgage Amortization Schedules Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget Interest Only Loans Option One Mortgage Loans Getting an Option ARM or Option One Mortgage Loan Mortgage Glossary - A Glossary of Mortgage Terms You Should Know Paying Rent or Pay a Mortgage? Here AreThe Benefits You Have With A Mortgage! Option One Mortgage Loans - Getting an Option ARM or Option One Mortgage Loan Everything You Need to Know About a Negative Amortization Mortgage Mortgage Loan Basics: Interest Only Loans, Pay Option ARM Is a Risky Mortgage Right for You?
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