Phrases with «amortization rate»

The phrase "amortization rate" refers to the rate at which you pay off a loan over time. It determines how quickly or slowly you reduce the loan balance by making regular payments. A higher amortization rate means you will pay off the loan faster, while a lower rate means it will take longer to repay. Full definition

Sentences with «amortization rate»

  • See how it cash - flows with a 20 year or 25 year amortization rate as it sits today. (biggerpockets.com)
  • Keep in mind that there must be a minimum down payment of 5 percent and a maximum amortization rate of 25 years. (superbrokers.ca)
  • Now that you know how amortization rates work you will have an easier time coming to terms with the new Canadian mortgage amortization regulations. (syndicatemortgages.com)
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