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Which of the following is NOT a characteristic of negative amortization? it occurs in every interest only loan unpaid interest is added to the unpaid

Which of the following is NOT a characteristic of negative amortization?

  • it occurs in every interest only loan
  • unpaid interest is added to the unpaid balance of the loan
  • the borrower could eventually owe more than the original amount of the loan
  • it occurs when monthly payments are insufficient to pay all the interest due on the loan

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