Negative-amortization mortgages permit

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Reference no: EM13698893

Unlike the traditional mortgage amortization schedule, "negative-amortization" mortgages permit the:

A. mortgage payments to exceed the accrued interest during the early years of the mortgage

B. principal payments to grow at a constant rate during the early years of the mortgage

C. value of the house to depreciate during the early years of the mortgage

D. outstanding balance to increase over a part of the life of the mortgage

Reference no: EM13698893

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