Traditional mortgage amortization schedule negative-amortion

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Reference no: EM13840131

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: EM13840131

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