Skip To Content
  • Home
  • Blog
  • Demystifying real estate: What is amortization?

Demystifying real estate: What is amortization?

Here’s what you should know about it.

Understanding amortization

The amortization schedule details every payment you will make over the life of your mortgage.

How it’s calculated

Can you change the amortization schedule?

   

Final notes

“It just captures how much money you’ll pay in the principal and how much money you’ll pay in interest at various times in the repayment of the term. Where are we at payment number one? Where are we at three years down the line at payment number 36? How has it changed? How is my money being categorized in the loan?” she said. “Ultimately, you want to pay that principal balance down so you eliminate the interest that’s on the life of the loan.”

Trackback from your site.

Leave a Reply

*
*