Mortgage Plain-talk: What’s the Difference Between “amortization” and “term”?There are many stresses associated with home buying – both financial and emotional. And frankly speaking, it doesn’t help that the process comes with its very own foreign language. While your mortgage broker can help de-mystify these terms, it helps to have a bit of a primer on what some of these terms mean. After all, it’s your money and your home we’re talking about; as a Mortgagor, you have a right to understand what you’re reading. (You didn’t know you were a mortgagor? Read on…)
We’ll start with Amortization” and “Term”. Both refer to periods of time in the life of your mortgage, and you’ll want to be su
Mortgage Plain-talk: What’s the Difference Between “amortization” and “term”?
Posted in Finance by businessgod 645 days ago« previous1 next »
Advertisement: Your Advert Here