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.