What is Amortization in a Home Loan Scenario
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Amortization is a financial concept with multiple applications. For example, business owners rely on amortization to express the value of their assets for tax purposes. Investors rely on amortization for similar calculations. But when it comes to home loans and the mortgage market, amortization has a completely different application. Mortgage lenders rely on amortization to […]
The Basics of Loan Amortization and Interest Calculations
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Few things in the home loan environment confuse homeowners as much as amortization and interest calculations. These two particular aspects of having a mortgage are enough to make you pull your hair out. Fortunately, mortgage brokers and bankers understand them. They need to, otherwise their businesses would fail. Homeowners are better off if they understand […]