What is Amortization?

The timed repayment of a mortgage loan by installments. A loan that must be repaid over 25 years is said to have a 25-year amortization. As payments are made, the interest amount will go down and more of the payment will go towards the mortgage balance.

FREE Listing Alerts

Sign up today - it's FREE

Foreclosure Deals

Privacy Policy   |   Terms and Conditions of Service   |   © / ForeclosureFreeSearch, Inc 1999-2022. All Rights Reserved.