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Real Estate Glossary

Annual Loan Constant

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Richard Wilson
Written by Richard Wilson

This is the principal and interest of a loan expressed as the constant annual payment needed to retire debt at a rate of interest over a certain period. To calculate this, the annual debt service needs to be divided by the total loan amount.

This is the principal and interest of a loan expressed as the constant annual payment needed to retire debt at a rate of interest over a certain period. To calculate this, the annual debt service needs to be divided by the total loan amount.

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Richard Wilson

Richard Wilson

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