Negative amortization – do you know how it can affect your finances?

Watch out for the possibility for negative amortization on your loan.

Before talking about the negative amortization there are two basic things that should be briefly explained. Namely, when taking out a loan you should be acquainted with terms such as: loan amortization and loans amortization schedule. In simple words, loan amortization is the process of paying off the principal amount

Loan amortization defined

Understanding a loan amortization is important before taking out a loan

The need for a loan is imposing the need for you to understand different aspects associated with any loan. There are things such as interest rate, collateral, cosigner, repayment period, monthly payments, early repayment, etc. stated in the agreement. How many of these items in your loan agreement do you

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