What is a Neg Am Loan? Amortization vs. Negative Amorization

In the past, home buyers scrambled to get into as much home as they could afford in some of the hot real estate areas, just to participate in the heady 20-30% gains. To maximize their investment dollars, they took on negative amortization loans and kept buying. Now that the real estate market has, ‘ahem’, softened, […]