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Real Estate Glossary

Amortized Mortgage

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Richard Wilson
Written by Richard Wilson

This is a mortgage loan wherein both the principal and the interest are payable in either monthly or periodic installments during the course of the loan. How it works is that the debt decreases steadily at the start and then rapidly toward the end.

This is a mortgage loan wherein both the principal and the interest are payable in either monthly or periodic installments during the course of the loan. How it works is that the debt decreases steadily at the start and then rapidly toward the end.

About the author

Richard Wilson

Richard Wilson

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