negative amortization Loan programs, which were once available to only the wealthiest of a banks customers due to their ability to allow borrowers to defer interest, are now being marketed to more "conventional" self employed borrowers, business owners, and beneficiaries of passive income, investment income, rental income or even substantial bonus or commission income.

When they were originally introduced, negative amortization loan programs were marketed under names such as "deferred interest mortgage" or "payment cap ARM", which very accurately reflect the nature of these "neg-am" mortgages, which are very powerful tools intended for homeowners with a certain degree of financial sophistication. While reverse mortgages are one type of negative amortization loan, the sort which have received the most press and the widest number of names are the so called "pay option" negative amortization loan program, which allows borrowers to choose each month whether or not they will defer or pay down the interest due on their mortgage.

As negative amortization loans have entered the mainstream in recent years, they have shed their "technical" sounding names and have been marketed to consumers under a nearly countless number of different monikers.

Here is a list of some of the most popular names for negative amortization loan programs, compiled by mortgage professionals from across the industry, although no opinions are expressed or implied about these loans or the companies who market them. This is just a list of names for nagative amortization loan programs:

The negative amortization loan may increase your principal balance when your monthly payment is below the interest accrued on your loan that month.

Pay Advantage Plus

Secure Advantage

Deferred Interest Mortgage

Minimum Payment Loan

Pay Option

Pay Option ARM

Flex 5

Secure Advantage

Payment Cap ARM

5 Year Fixed Pay Option

30 Year Fixed Rate Option ARM

Pick a Pay

Pick a Payment

Smart Choice

Smart 30 Mortgage

1 Month MTA

1 Month ARM

Self Employed Cash Flow Loan

Investor ARM

12 MAT Mortgage

Lower Than Interest Only

MTA Option ARM

Fixed Rate Option ARM

Fixed Pay Option

Power Fixed 30

COSI ARM

One Percent Mortgage

Payment Advantage Mortgage

Deferred Interest Home Loan

OptPay ARM

1% Mortgage

1-1 buydown (no negative amortization if buy down account is fully funded)

Despite recent changes in the secondary market regarding negative amortization loans, there are still excellent negative amortization programs available for consumers.

Deferred Interest Loan.

These pay option arms can be very good for some borrowers (especially those who are self employed with a flucuating income). This can be a very volatile product so any borrower choosing to accept this loan should be in tune with their finances at all times.

Option Payment

Scheduled negative amortization Loan

3-2-1 buydown (no negative amortization if buy down account is fully funded)

Reverse Mortgage

Monthly Adjustable Rate Mortgage

FlexPay

2-1 buydown (no negative amortization if buy down account is fully funded)

Flexible Payment Loan

Negative Equity Loan

5 Year Cashflow Loan

All NegAM home loans eventually require full repayment of principal and interest according to the original term of the mortgage and note signed by the borrower.

Investor Loan

GPM

Fixed negative amortization Loan

Graduated Payment Mortgage

Managed Mortgage Amortization Loan

Fixed Rate Pick a Pay

Equity Builder

Fixed Pick a Pay

Pick Your Payment

Minimum Payment Option

Minimum Payment Option ARM

Neg-Am Loan

0.25% Option ARM

Interest Only (misnomer)

Quicken Smart Loan

Negative Mortgage

1% Mortgage

Cash Flow Advantage

Cash Flow Construction Loan

Fixed Option ARM

Power Option ARM

Flex Option

Flex Pay Option

Negative Amortization Mortgage

NegAm Home Loan

Cash Flow ARM