Negative amortization loans, also known as deferred interest loans, neg am and payment option ARMs (adjustable rate mortgages), are home financing options that have payment adjustment caps in addition to interest rate adjustment caps. This means that even though the loan’s interest rate may increase, your payment will generally stay the same. As housing prices [...]
Posts Tagged ‘Loan Balance’
The Risks of Negative Amortization Home Mortgage Loans
Posted by admin on March 17th, 2010
Posted in Article 
Tags: Adjustable Rate Mortgages, Comptroller Of The Currency, Dugan, First Few Years, Home Mortgage Loans, Initial Cash Outlay, Interest Loans, Interest Rate Increases, Loan Balance, Loan Balances, Minimum Payment, Minimum Payments, Mortgage Amortization, Negative Amortization Loans, Option Arms, Payment Adjustment Caps, Payment Increases, Principal Balance, Traditional Mortgages, Unpaid Interest 
No Comments »State Fee Limits for Second Mortgages in California
Posted by admin on January 14th, 2010
Everywhere you go, advocacy groups are urging stricter laws on non-conforming 2nd mortgages and home equity loans. Sub-prime mortgages are likely to be more costly than “A -paper” loans, but they are intended for borrowers who pose a greater risk to lenders. In most cases they are considered non-conforming because of the lack of credit [...]
Posted in Article Tags: 2nd Mortgages, Advocacy Groups, Annual Percentage Rate, California Homeowners, Credit Card Debt, Debt Consol, Deed Of Trust, Fico Scores, Financial Decisions, Home Equity Loans, Loan Balance, Mortgage Interest Rates, New Laws, Percentage Points, Predatory Lending Laws, Second Mortgage, Second Mortgages, Sub Prime Loans, Sub Prime Mortgages, Treasury Securities No Comments »