Negative amortization or “neg am” occurs when the minimum payment on a mortgage covers less than the monthly interest charged, causing the balance of the loan to increase instead of decrease. Interest only loans generally don’t increase the balance due on a home although they don’t diminish the amount due. However, deferred interest loans will increase your loan amount. This…
Tag: Deferred
International Credit Card Processing Issues
Deferred Processing Deferred processing is the less expensive alternative to real time credit card processing. It is simpler to implement than real time processing, and it doesn’t require a secure gateway. The lack of a secure gateway in your payment processing system doesn’t mean that it is unsafe. Most customers won’t know whether you have real time or deferred card…