December 4th, 2008 by admin
A conventional mortgage loan is a type of home loan that meets certain standards set by the United States government. These type of home loans however are not guaranteed or insured by the government. conventional loans are basically any loan that is not an FHA loan or a VA loan. About 35% to 50% of [...]
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 |
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