google bot detected Mortgage Constant | Real Estate Glossary | Realestateagent.com

Mortgage Constant


Definition of "Mortgage constant"

Ratio of annual mortgage payments divided by the initial principal of the mortgage. This only applies to loans involving constant payment. For example, a $500,000 loan with an annual payment of $50,000, has a mortgage constant of 10%.



Related Real Estate Glossary terms

Related Real Estate FAQ