What is Amortization ??

Amortization is the regular payment of both principal and interest on a loan. Early in the loan, most of the payment is applied toward interest, with increasing amounts paid toward principal and the loan moves toward maturity.

More Real Estate Related Terms

- Accredited Residential Manager - Acquisition - Administrative and Support Staff (Non - exempt employees) - AE REALTOR Association Certified Executive - Appraisal - Appraisal / Valuation - Leisure / Recreation

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