Amortization Schedule

posted Nov 4, 2010, 4:06 PM by Career Path Academy   [ updated Nov 4, 2010, 4:06 PM ]
Amortization Schedule    
A schedule that shows how over the term of a mortgage loan the payment is applied to principal and interest. With most loans, the principal portion of the mortgage payment will increase with each payment and the interest portion of the payment will decrease.
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