[lbo-talk] frontiers of financial innovation

joanna bujes jbujes at covad.net
Tue Jan 18 17:14:47 PST 2005


a very fast turnover?

Joanna

Doug Henwood wrote:


> I love this phrase I just read in a letter to Business Week: "negative
> amortization variable-interest mortages with low teaser rates." I'm
> guessing that this means that in the early stages, your monthly
> payment doesn't even cover the interest, so the difference gets tacked
> on to the principal - and, should market interest rates rise, so will
> your mortgage payment. What are people thinking when they sign up for
> these things?
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>
> .
>



More information about the lbo-talk mailing list