A term every home buyer, real estate agent, homeowner should know

What is 'negative amortization?'
Published on Dec 28, 2005

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by CareyBot

DEAR BOB: I am a new real estate sales agent. As mortgage interest rates slowly rise, I’ve seen mortgage lender ads that say, “No negative am.” What does that mean? – Cheryl R. DEAR CHERYL: “Negative amortization,” also known as ...