Mortgage Sense

What is amortization and why should you care?

What is amortization and why should you care?

You’re smack dab in the middle of the home buying process, and it’s all new and exciting and a little confusing. You sorta get the process: you find a dream house, put down a down payment, and borrow the rest. Then — in just 30 years or 360 monthly payments — that dream house is all yours. 

It all sounds so simple until your lender or real estate broker brings up “amortization.” Don’t feel singled out: for many of us, buying a home (or a car) was the first time we ever heard the word, too.

Continue reading What is amortization and why should you care? at Movement Mortgage Blog.

About the authors

Looking to change the home buying process for the better, the Humes Team is here for all of your mortgage needs. No loan is too big or too small. We believe one should treat others as expected to be treated. We pride ourselves in honesty paired with communication to deliver A1 service with great results.

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About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

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