• Name:
  • Phone:
  • Phone2:
  • E-mail:
  • Address1:
  • Address2:
  • Request:

Fixed Amortization

A loan in which the interest rate and monthly payment are fixed and will not change throughout the life of the loan. The principal of the loan is paid down each month resulting in the decrease of interest charged since interest is charged against the remaining amount of the principal.

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