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Negative Amortization
A condition created when a borrower's monthly payment is not large enough to cover both the principal and interest of a loan. As a result, the outstanding balance of the loan increases with each payment.

Notary Public
One who is authorized by the state or federal government, to administer oaths, and to attest to the authenticity of signatures.

Note
A legal document that requires a borrower to pay off a mortgage at a specified interest rate over a certain period of time.