The following terms were found in the Loan Glossary
beginning with the letter (N).
Please review the terms below.
Total Records Returned for (N): 2
Negative amortization: Payment terms under which the borrower's monthly payments do not cover the interest due; as a result, the loan balance increases.
Notice of default: A formal written notice to a borrower that a default has occurred and that legal action may be taken.
432 Patterson Road
Dayton, OH 45419
PH: (937) 294-5555
FAX: (937) 294-5055