Mortgage Banker Question:
Download Questions PDF

What is negative Amortization?


When repayment of the loan is less than the loans accumulated interest, then negative Amortization occurs. It will increase the loan amount instead of decreasing it. It is also known as 'deferred interest'.

Download Mortgage Banker Interview Questions And Answers PDF

Previous QuestionNext Question
What is 'Amortization'?What do you like about working at Quicken Loans?