Jul31st
Real Estate Definitions
Posted by Pat Haddad at 1:59 pm. Filed under: Real Estate Definitions
Continuing our blogging series of Real Estate Definitions, the term this week is:
Amortization Schedule:
Over the life of a loan, each month one portion of the payment will go towards principal and the other portion towards interest. An amortization schedule displays a table that shows the balance of the loan decreasing to zero as well as the amount each payment applies to the principal and interest.
Have questions about a real estate term you have come across? Ask us! Or visit our Indianapolis Real Estate and Carmel Real Estate sites to find your answers.
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on Tuesday, July 31st, 2007 at 1:59 pm and is filed under Real Estate Definitions.
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