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Standard mortgage loans require monthly payments typically composed of two components: interest and principal repayments. When scheduled mortgage payments are insufficient to pay all of the accumulating interest, causing some interest to be added to the outstanding balance after each payment shortfall, the loan is said to be:
A. fully amortizing
B. partially amortizing
C. nonamortizing
D. negatively amortizing

Respuesta :

sandlee09

Answer:

D. negatively amortizing

Explanation:

Based on the information provided within the question in regards to the situation it can be said that the loan is negatively amortizing. This (like mentioned in the question) refers to an increase in the outstanding balance of a loan caused by the loan payment being less than the interest that is being charged in that period.

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