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The following FREE Reports are full of information which may be helpful to you if you are thinking about buying or selling a home in the near future. I will be happy to send you these brochures FREE of charge, without any obligations.
For Buyers - Buy Smarter:
- 11 Lenders Secrets
- 5 Things You MUST know before you buy a home
- 6 Tips For Negotiating Your Home Price
- How To Assure A Smooth Purchase Of Your Home
- The Easy Way To Buy Your Next Home
- How To Find The Right Home For You And Your Family
- How Much Do I Qualify for?
- 9 Common Mistakes To Avoid When Financing
- Should You Own Your Own Home?
- Stop Paying Rent Forever
- 20 Terms You Must Know Before You Sign Off On Your Mortgage
- Which Mortgage Do I Choose?
For Sellers - Get The Most For Your Home:
- 10 Deadly Questions You Should Absolutely, Positively Get Answered Before You Sell
- How To Ask The Right Listing Questions Before You List Again.
- How To Get every Dollar You Deserve...
- How To Get The Most Money For Your Home
- How To Guarantee You'll Get Your Home Sold This Time!
- Uncover The Secrets For Marketing Your Home
- The Best Way To prepare Your Home For Resale
- 13 Things Your Agent Must Do To Maximize Your Profits
- Get The Best Price For The Sale Of Your Home
- How To Sell Your Home For The Highest Possible Price
- 11 Mistakes That Could Cost You Hundreds, Even Thousands Of Dollars!
- Ten Questions You Must Ask A Realtor Before You List
- Why People Are Afraid To Buy From You
- Is It Necessary To Use A Realtor To Sell Your Home?
For Investors - Higher Returns Now:
- 8 Steps To Making Huge Profits On Investment Properties
- How To Avoid Real Estate Investing Pitfalls
- How To Finance Your Investment Properties
- Uncovering Your Real Estate Investment Strategy
- The Secret To Uncovering Hidden Investment Properties
Just fill out the form below to order the brochures and I will email the first ones to you. The rest will be sent weekly. Use the comment field for special requests. Thanks for visiting my website.
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Contact Information
Courtney Atkinson Century 21 Foothills - Atkinson & Associates 204 - 515 7 St S Lethbridge, AB, T1J 2G8
Cell: 403.795.7777
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what is negative amortization? |
What is negative amortization?
Negative amortization was one of the causes for the sub-prime mortgage
crisis in the United States and have never been available in Canada.
Here's how it works:
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, negative 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 Lethbridge Real Estate?
Ask us below or Call us Now at 403.795.7777
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