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Mortgage & Home Buyer's Glossary: N
Negative Amortization
Most likely to occur with ARMs when monthly payments
are not sufficient to cover
interest costs. Additional
interest is added to
principal balance and the borrow may
end up owing more than at the initiation of the loan. |
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A - B -
C - D -
E - F -
G - H -
I - L -
M - N - O
- P - Q -
R - S -
T - VWZ
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