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Updated almost 13 years ago,

Danny Shore's profile image
Danny Shore's profile image
Danny Shore
  • Member since Feb 17, 2011
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Danny Shore's profile image
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Danny Shore
  • Member since Feb 17, 2011
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Danny Shore
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22
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Private Lending & Conventional Mortgage Advice

negative amortization and refi

Danny Shore
Posted

If a homeowner is in a dire situation where s/he fails to pay the full amount of interest each month (resulting in negative amortization), when s/he applies for a refi, does she have to repay all interest that was due on the first loan before the second loan is given?

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