What Is Mortgage Amortization?

Holden Lewis, NerdWallet.com
Tue, 04/16/2019 - 9:26am

Mortgage amortization is how a home loan is paid down: The debt diminishes slowly at the beginning and then rapidly toward the end. At first, most of each mortgage payment goes toward interest. In later years, most of the payment reduces debt. The gradual shift from paying mostly interest to mostly debt payment is mortgage... Holden Lewis is a writer at NerdWallet.

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