They also used negative amortization loans, which put payments off, adding to the balance of the loan. (thefiscaltimes.com)
BD Nationwide Mortgage is one of the few companies to pair consumers with lending brokers that offer equity loans and 2nd mortgages behind negative amortization loans and payment option ARM's. (bdnationwidemortgage.com)
On certain ARMs, called negative amortization loans, mortgagees can end up owing more money than they did when they took out the loan. (mortgagecalculator.biz)