Oconee County Real Estate
Real Estate Terms | A
Negative Amortization
When monthly payments are not enough to cover interests
costs, they are added to the principal balance, and
you may end up owing more than when you started. This
is most likely to occur with ARMs that have payment
caps.
Notary Public
One who is authorized by federal or local government
to attest authentic signatures and administer oaths.
Note
A written instrument acknowledging a debt and promising
payment
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