Not exact matches
Lower interest rates, slower
amortization rates («interest - only
loans»), lower down payments and easier credit terms enabled millions of Americans to take on huge debts today with the hope of reaping huge capital gains sometime in the future — or simply to avoid having to pay more as home prices rose
beyond their means.
Beyond default rates, the study found skyrocketing rates of negative
amortization on federal student
loans, most significantly at for - profit colleges.
Even those who didn't qualify under normal circumstance could also live
beyond their means through creative and exotic
loans like Adjustable Rate Mortgages (ARMs) and 40 - or 50 - year
amortization periods.