Mortgage Amortization

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david1
Posts: 8
Joined: Sat Feb 18, 2012 4:24 am

Re: Mortgage Amortization

Post by david1 »

Mortgage amortization is a situation in which the principal balance on a mortgage declines over time as the borrower makes periodic payments. As a general rule, amortization is a very desirable state of affairs, because if a mortgage is not amortizing, it means that the borrower is not making any headway on the loan.
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