Learn why early mortgage payments are mostly interest, how amortization affects this, and strategies to reduce interest costs over your loan term.

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...

If you have ever had to pay back a loan, you have already experienced amortization. When you get a loan, the lender spreads out your repayment amount over a series of fixed payments. Once you finish ...

Mortgage amortization refers to the split between how much of your loan payment goes toward principal vs. interest. At the beginning of your loan, a larger portion of your payment is put toward ...

Mortgage amortization is a fancy term for a rather straightforward concept: the process of paying off your mortgage loan in equal installments each month. It's something you should understand if ...

Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants, ...