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 ...
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Deed of Trust
Deed
Of Trust
In
many states, this document is used in place of a mortgage
to secure the payment of a note.
Used
in many states in lieu of a mortgage to secure the payment of a note.
In a deed of trust there are three ...
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