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Real Estate Glossary
Welcome to our online Real Estate glossary. To search for a term,
use the search box below. To browse our terms, click on a letter
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Negative amortization:
The situation occurs when a borrower's monthly payment is not large enough to cover both the principal and interest of a loan. As a result, the outstanding balance of the loan actually grows larger with each payment rather than smaller. Most fixed-rate loans are not subject to negative amortization, but many adjustable-rate mortgages are susceptible.
As defined by Inman
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The definition for Negative amortization and
this glossary as a whole are presented to you as a courtesy of ForeclosuresMass.
For other terms, explinations, definitions and descriptions, please
visit our Glossary page.
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