This is the repayment or liquidation of financial debt, such as a mortgage, in regular or periodic installments against interest-only payments. Usually, at the start, the interest payment is high, while the principal payment is low. Consequently, interest payments are low, and principal payments are high. Amortization periods last from 15 to 30 years.
Amortization
This is the repayment or liquidation of financial debt, such as a mortgage, in regular or periodic installments against interest-only payments. Usually, at the start, the interest payment is high, while the principal payment is low. Consequently, interest payments are low, and principal payments are high. Amortization periods last from 15 to 30 years.
