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On this page, we have assorted the most searched definitions on the internet. If you do not find what you are looking for on this page, please try searching alphabetically.
Also on each definition page you will find a few related-term links towards the bottom. These terms are directly or tangentially related to the definition that you have chosen to read; these lists were developed after careful research and we hope they make your navigation on our site easy.
Negative Amortization :- An increase in the loan balance when the monthly mortgage payment becomes less that the interest that is due. This is sometimes referred to as "Deferred Interest". This concept is seen mostly on 'Adjustable Rate Mortgages'. When your monthly mortgage payments are not sufficient enough to compensate for the interest due on the mortgage loan, the interest that is due is finally added to the total balance that is due on the mortgage loan. This finally ends up making the home buyer owe more than the actual amount of mortgage loan.
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