Home Property Financing

Have you ever heard of negative amortization?  What does it mean? Negative amortization happens when your monthly payments do not cover the amount of interest you're being charged for that period.  When interest is not paid in any given time it's added to the loan amount itself; it's not just forgiven and does not just go away.  The outstanding balance on the loan actually increases rather than decreases as it should. Many who signed on for adjustable rate mortgages have found that ... Read More »