I saw this term earlier and immediately got a bad taste in my mouth. Why you say? Because of the word negative. This already tells me that you are going to be going in the opposite direction of where you want to go. This tells me you will already start out in the whole, in the red as they say in the business world. Is this something you want to do? Negative amortization is a gradual increase in mortgage debt that occurs when the monthly payment is insufficient to cover the interest due. Therefore the balance owed keeps increasing at least in the first few years. Sounds like biting off more than you can chew. Do not proceed with any paperwork or terms that say negative amortization.
