Negative amortization (NegAm), is a status of mortgage whereby the repayment amount for a given loan period is lower than the interest charged upon the mortgage loan resulting in the actual balance increasing. Negative mortgage amortization is also known as a Graduated Payment Mortgage (GPM), when the interest amount charged against a mortgage loan exceeds [...]
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Negative Amortization Mortgages
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What is Mortgage Amortization?
In short, mortgage amortization is the repaying of a loan that has been granted to someone for the purpose of buying a property. The repayment of the mortgage debt is carried out via regular instalments (usually monthly) over the course of a specified time period (usually twenty five years or above).
The Word “Amortization”
The word amortization [...]
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