Neg Am Loans 1

Negative Amortiztion. Words that scare many people. Reverse Mortgage. Words that bring great comfort to many. Ironic that a Reverse Mortgage creates the biggest Negative Amortization Mortgage!

As with all loans and mortgages, the right loan for you is one that meets your financial needs and goals and one you understand. Negative Amortization mortgages that help moderate monthly expenses while helping the borrower meet other financial goals are wonderful. Negative Amortiztion mortgages that put some one's home owership at risk are a traversity.

The number one question I would have is: What is your objective?

If you want to keep your payment low so you can invest the difference or make an income property give a positive cash flow a Negative Amortiztion loan is the way to go.

If you are trying to buy the home of your dreams that is out of reach any other way, you are looking for trouble.

More on Negative Amortization loans later.

MMM