Negative amortization occurs when a borrower’s monthly mortgage payment is insufficient to cover the interest due, resulting in the unpaid interest being added to the loan’s principal balance.
Understanding the role of the U.S. Department of Housing and Urban Development (HUD) is essential for anyone exploring affordable housing, rental assistance, or homeownership opportunities.
Buying a home can be one of the most exciting—and stressful—experiences of your life. From house hunting to loan applications, there’s a lot to manage, and uncertainty around loan approval can add to the anxiety.
The Federal Housing Administration (FHA) has played a pivotal role in making homeownership accessible to millions of Americans since its founding in 1934.
