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Mortgage Professor about amortized: | |||||||||||||||||||||||
How Do Amortized Mortgages Work?
MORTGAGE AMORTIZATION: HOW DOES IT WORK? Jack Guttentag "After reading several of your articles on paying off mortgages early, I came to the conclusion that I really didn't understand the basic rules of mortgage ... more... Does It Pay to Make Mortgage Payments Early? May 10, 1999, revised February 5, 2004 " I consistently pay my mortgage payment two weeks early believing that this will ultimately result in paying less interest over the life of the loan. Is this a correct assumption?" Sorry to have to disillusion you, but ... more... |
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amortized related definitions |
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Amortization
Amortization Means loan payment by equal periodic payment calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance. Fixed rate 30 year mortgage is fully amortized in 30 years loan. Some ARM loan products ... more... Graduated Payment Mortgage, GPM Graduated Payment Mortgage, GPM A type of flexible-payment mortgage where the payments increase for a specified period of time and then level off. This type of mortgage has negative amortization built into it. A mortgage that has lower payments initially (with potential ... more... |
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