Is it legal in Texas to amortize a loan according to the us

jmh2734 · Joined: 24 Jul 2008 Posts: 1 1.30 Dollars($)

Is it legal in Texas to amortize a loan according to the us rule?

Can you use the use the US Rule of amortization on a mortgage loan repayment in Texas? This type of amortization is also know as negative amortization.

Guest 0.10 Dollars($)

I am not sure about that. Why don't you check it out by an attorney?

ckalvesmaki · Posted: Fri Jul 25, 2008 1:51 pm Post subject:

Neg Am loans are allowable in TX as long as the home is not an A6 property........however I do not believe this loan is offered anymore.

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