What is Amortization?

By |2017-06-09T10:00:37+00:00June 9th, 2017|Blog, Buying|

When you’re taking out a mortgage loan to buy a home, you’ll have to become familiar with all the terms lenders use—and one of them is amortization. What is Amortization? The term amortization describes what happens when you pay off a debt (in this case, a mortgage loan) over time by making regular, equal payments. [...]