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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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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what is negative amortization? |
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What is negative amortization?
Negative amortization occurs when the monthly payments on a loan are insufficient to pay the interest accruing on the principal balance. The unpaid interest is added to the remaining principal due.
When home prices are appreciating rapidly, egative amortization is less of a possibility than when prices are stable or dropping, particularly for the borrower who made a small cash down payment to begin with. The combination of negative amortization and depreciation in home prices can result in a loan balance that is higher than the market value of the home.
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.
Questions about Hutchinson Kansas Real Estate?
Ask us below or Call us Now at 800-339-8841
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Last Updated ( Thursday, 04 September 2008 )
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