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?
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