Amortization Schedule


Definition of "Amortization schedule"

Steve Hueter
  Prime 220 Realty

Schedule showing the breakdown of each loan payment that consists partly of interest and partly of principal.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Second-injury Fund

Insurance fund set up by most states to encourage employers to hire handicapped workers. Where worke ...

Contingent

Something that is dependent on something else. ...

Rate Manual

Publication that lists premiums charged for products sold by an insurance company. A manual also has ...

Authorized Insurer

Insurance company that is licensed by a state to market and service particular lines of insurance in ...

Tenancy In Severalty

Ownership of property by one individual. ...

Original Age

Insured's age at the date a term life insurance policy is issued. An original age or retroactive con ...

Related Real Estate FAQ

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

What Is A FHA Mortgage?

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Is A Good Faith Estimate?

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Is A Term?

A term is the length of a loan. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is Hazard Insurance? Home Prices - The Extra Costs Getting Ready to Sell? Don't make these DIY Mistakes! How Does The Home Loan Underwriting Process Work? Foreclosure - The Pros and Cons of Buying

FAQ

What is an escrow officer? What is a buydown? What is a buyer's agent? If I want to buy a house and I know the property and the seller already have an agent, can I act as my own agent and negotiate a lower fee? What are discount points?