Defination
A type of loan popular during the 2001 – 2008 credit boom that allows borrowers to make monthly payments less than the monthly interest owed, so the total amount owed increases over time. These loans assume that home prices will go up to offset the rising cost of the loan. But if home values don’t increase enough, the borrower ends up owing more on his mortgage than his home is worth.
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1455 W 16th Street, Yuma Arizona.
Call: 928-726-7325
Email: [email protected]
Office hours:
Monday to Thursday 8:30-5:30
Friday 8:30-5:00
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Contact Us
1455 W 16th Street, Yuma Arizona
Call: 928-726-7325
Email: [email protected]
Office hours:
Monday to Thursday 8:30-5:30
Friday 8:30-5:00
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