Neg am mortgage loan programs are all the rage these days. Mortgage lenders offer 1% interest rates to applicants with deferred interest refinancing and negative amortization for cash out, home improvements, consolidating debts and equity credit refinance loans online. Many mortgage lenders are offering several variations of these cutting edge loan products for home purchasing and refinancing.
This is a deferred-interest loan which is very powerful -- and the most misunderstood mortgage program because of its many options. Basically, the lender allows the borrower to make monthly payments that are less than the accruing interest. Therefore, if the borrower chooses to make the minimum monthly payment, the loan balance will increase by the amount of interest not paid on the loan. The power of this loan lies in the borrower's ability to choose between making the full loan payment, or the minimum payment, or any amount in between. If a borrower's income varies throughout the year (due to commissions, bonuses, etc.), the borrower can make a lower payment during the "lean times", and then make higher payments when funds are readily available.
Center State Mortgage is your #1 source for Negative Amortization Loans in Straten Island and New Jersey! They offer the lowest interest rates and best home loan option on the market! Choose Center State Mortgage for all your home loan and mortgage needs!
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