Negative Amortization Mortgage

Also called Neg Am Loans

Our smart mortgage lenders specialize in providing low payment options with the 1.5% option ARM for loans up to 2 million, with quotes from competing mortgage loan specialists from across the country. Negative amortization loans are mortgages that defer the interest until the following year when the deficit is added to the borrowers’ principal balance. They are also know as payment option ARM's. All our home finance specialists are dedicated to finding the right neg am loan with the best intro rates, terms and reduced costs.

Our mortgage lenders specialize in providing low payment loans including the infamous "payment option loan", that offers intro interest rates at 1.5%. The low payment has deferred interest from a negative amortization feature that adds to your principal balance at the end of the year. Some critics suggest that these loans rob you of your home equity, but if these loans give your more purchase power that helps you make an investment, then it is a good loan. Our mortgage lenders will help you determine if a negative amortization mortgage is the right solution for your scenario.

Payment Option Mortgages with Adjustable Rates Could Be Big Election Issue
Fallout from the surge in non-prime and exotic mortgages taken out during the recent refinance boom could become a major issue in the 2008 national elections, political analyst Charlie Cook told REALTORS® at advocacy training sessions in Washington, D.C., this week. As many as 10 million loans could go into default over the next 18 months as borrowers run into financial problems when the reduced interest intro period of their home loan terms expires and they find they can no longer meet their repayment obligations, Cook told several hundred politically active REALTORS® on Jan. 9.

Foreclosed Mortgage Loans to Hit 'Political Radar Screen'

Speaking at a luncheon, Cook said that the number of potential foreclosed loans is so large that problem subprime and exotic mortgages like interest-only loans could "be a big political issue" while 2008 national campaigns are underway. "The issue is not on the political radar screen today but it could be in 18 months," he said.

Cook says the attention could shine the spotlight on mortgage brokers and lenders, but real estate practitioners could feel the impact, too, as the issue hits "pretty close to where you live."

NAR has been calling for adequate consumer education on the risks of nonstandard home mortgage products for years, and has developed consumer brochures on the matter with the U.S. Department of Housing and Urban Development and the Center for Responsible Lending. More about NAR's brochures is available online, at REALTOR.org.

Smart Home Mortgage Loans will assist you in getting a pre-approval for subordinate financing with multiple options. Select the right home mortgage with documentation options and interest rate options. Maybe you want a fixed rate, but maybe you need a minimum payment option like an interest only, or negative amortization loan. The good news is that you found the right website and Smart Home Mortgage Loans looks forward to walking you through the entire mortgage process.

All our home loan specialists are dedicated to finding you the right home loan with a monthly payment that you can afford.

• Low Rate Refinancing
• 1.5% Negative Amortization Payments
• Interest Only Loans
• Fixed Rate Home Loans
• Choose from 4 Monthly Payment Choices
• Jumbo Neg-Am Loans to 2 Million
• 95% Payment Option Loans
• 80-10-10 Home Purchase Loans