loader image
Real Estate Glossary

Amortization

inflation calculator
Richard Wilson
Written by Richard Wilson

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.

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.

About the author

Richard Wilson

Richard Wilson

Leave a Comment