September 22nd, 2008 by admin
A bridge loan is basically a short-term loan pending another loan in the near future. They are often used to close on a property in a short period of time, stop the process of forclosure on a property, or to fill an immediate need for financing to plan for long term financing. A common use [...]
August 29th, 2008 by admin
A negative amortization mortgage loan or NegAm as it is sometimes refered to is basically when aloan payment for any period not enough to cover the interest charged over that period of time. This causes the outstanding balance on the loan to increase instead of decrease with each payment made. This type of loan is [...]
Tags: adjustable rate mortgage, Amortization, Cleanup from May 2007, Corporate finance, Finance, Graduated payment mortgage loan, Mortgage loan, Negative amortization, PIK loan, reverse mortgage
Published by admin on Aug 29, 2008 under
Types of Mortgages |
Post your comment now