Amortization Period
- Keith&Jacqueline
- Jan 25, 2023
- 1 min read
Updated: Jan 27, 2023
The amortization period is the length of time it would take to pay off a mortgage in full, based on regular payments at a certain interest rate.
A longer amortization period means you will pay more interest than if you got the same loan or mortgage with a shorter amortization period.
A longer amortization period would lower your monthly payment. A shorter amortization period would increase your monthly payment.
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