What Is Amortization? | Credit.com
Calculating how much home you can afford can be difficult and feel overwhelming. You need to consider how much down payment your finances allow as well as the monthly payments you can realistically make before finding the right home. One term you will hear during the mortgage phase of buying a home is amortization. It’s a term that you may not be familiar with, but it is important to help you understand what will happen to your mortgage in the long term. We’ve got the details for you.