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Category: Articles » Articles by Author » Author: Bill Eatock |
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1. | Option Arm Loans -- Why the Bad Wrap?
An Option ARM mortgage loan is a " Negative Amortization Mortgage ," which means that if the borrower only pays the minimum payment each month the principal will build. By definition, a negative amortization mortgage is one, which has a low ...
[Added: 01 Nov 2006 Hits: 629 Words: 480]
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