BankHeadOffice.com

        Bank Head Office Worldwide

 

Loan Calculators
Mortgage Guides
Banking FAQs
Banking Institutions

Central Banks Worldwide

 

 

 
Home  »  Mortgage Guides  »  Mortgage Amortization

Mortgage Amortization

 

Amortization (or amortisation) is the process of decreasing, or accounting for, an amount over a period. The word comes from Middle English amortisen to kill, alienate in mortmain, from Anglo-French amorteser, alteration of amortir, from Vulgar Latin admortire to kill, from Latin ad- + mort-, mors death.

 

When used in the context of a home purchase, mortgage amortization is the process by which your loan principal decreases over the life of your loan. With each mortgage payment that you make, a portion of your payment is applied towards reducing your principal and another portion of your payment is applied towards paying the interest on the loan.

An Amortization table shows this ratio of principal and interest and demonstrates how your loan's principal amount decreases over time.

Amortization is generally known as depreciation of intangible assets of a firm.

You can download the free Mortgage Amortization Schedule calculator here.

 

Mortgage Guides

Mortgage Basics Mortgage Underwriting Mortgage Repayment Islamic Mortgages
Mortgage Types Mortgage Calculator Mortgage Insurance Mortgage Amortization
Mortgage Refinance Fixed Rate Mortgage Adjustable Rate Mortgage Foreclosure

 

Mortgage Tools Download

Home Loan Calculator Mortgage Amortization Schedule    
           

DISCLAIMER
The content comes from Internet, reasonable efforts are made to maintain accuracy of information published.
However, information could contain errors or inaccuracies and is presented without warranty and statutory means.
No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise.
All trademarks, logos, brand names and copyrights are the property of their respective owners.

© 2011 - 2014 BankHeadOffice.com ® All Rights Reserved