A situation in which a borrower is paying less interest than what is actually being charged for a mortgage loan. The unpaid interest is added to the loan’s principal. The borrower may end up owing more than the original amount of the mortgage.
Disclaimer
This is not a loan commitment or guarantee of any kind. Terms and conditions apply.
Subject to borrower and property qualifications. Not all applicants will qualify. Rates and
terms are subject to change without notice.
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