Hutchinson, KS News
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Hutchinson News
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Local news for Hutchinson, KS continually updated from thousands of sources on the web. |
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Armenian Bar, Trayvon Details, Virginia, Mary Kennedy
Underwear designer Andrew Christian has a potentially NSFW video to sell his wares, though I guarantee you'll be looking at more than just undies.
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New Charges Against Hutchinson Homicide Suspect
A judge on Tuesday granted a request by the Reno County district attorney to file a new charge of aggravated intimidation against Charles Christopher Logsdon.
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New charges against Hutchinson homicide suspect
HUTCHINSON, Kan. - Prosecutors have added another charge against a 32-year-old man accused of killing a Hutchinson woman in June 2011.
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Special delivery
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Taft-signed bill raises pensions for US soldiers
Inappropriate comments include those which: * are libelous or defamatory * are obscene, pornographic or sexually explicit; substituting characters for letters is not acceptable * degrade others on basis of race, gender, class, ethnicity, national origin, religion, sexual orientation, disability or other classification * are predatory, hateful or ... (more)
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Contact Information
Hutchinson Real Estate
Office: 800-339-8841 Cell: 800-339-8841
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converting negative-amortization loan to a regular loan |
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Can I convert a negative-amortization loan to a regular loan?
Loan terms vary and each agreement needs to be reviewed carefully. Talk to your lender about specific situations.
Negative amortization occurs when monthly payments on a loan are not enough to pay the interest accruing on the principal balance. The unpaid interest is added to the principal due.
Adjustable rate mortgages with payment caps and negative amortization are usually reamortized at some point so that the remaining loan balance can be fully paid off during the term of the loan.
This could necessitate a substantial increase in the monthly payment.
Most ARMs have a limit on the amount of negative amortization allowed,
usually 110 to 125 percent of the original loan amount. If the loan
balance exceeds this amount, the borrower has to start paying off the
excess.
Negative amortization can be avoided by paying the additional interest
owed monthly. ARMs that don't have payment caps usually don't have
negative mortization.
Questions about Hutchinson Kansas Real Estate?
Ask us below or Call us Now at 800-339-8841
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Last Updated ( Tuesday, 29 July 2008 )
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