| A Glossary Of Essential Mortgage Terms: Common Terms Used In Mortgages & Loan Processes: Mortgage Loan Contributor(s): Preskitt, Garland (Author) |
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ISBN: ISBN-13: 9798509387265 Publisher: Independently Published OUR PRICE: $10.79 Product Type: Paperback Published: May 2021 * Not available - Not in print at this time * |
| Additional Information |
| BISAC Categories: - Law | Insurance |
| Physical Information: 0.58" H x 6" W x 9" (0.84 lbs) 256 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: With each mortgage payment, some of the money reduces the loan balance, and some pay interest. This allocation is called amortization. While the earliest payments mostly cover interest, the split changes over time. That's because as the loan gets smaller, less interest gets charged. |