Skip to content
Karen Morley Real Estate Logo

508-747-1066 | karen@karenmorleyrealestate.com
59 Samoset St Plymouth, MA 02360

Menu
  • About KMRE
    • Company Overview
    • About Karen Morley
    • About Elaine Polaski
  • Our Listings
    • Active Listings
    • Under Agreement
    • Sold
  • Co-Broker Sales
  • Financing
  • Karen’s Keywords
  • Contact Us

Amortization

The loan payment consists of a portion which will be applied to pay the accruing interest on a loan, with the remainder being applied to the principal. Over time, the interest portion decreases as the loan balance decreases, and the amount applied to principal increases so that the loan is paid off (amortized) in the specified time.

Related Articles:
  • Glossary: Negative Amortization
  • Glossary: Remaining Term
  • Glossary: Two-step Mortgage
« Back to Glossary Index
Photo of shell
Karen Morley Real Estate Logo

508-747-1066 | karen@karenmorleyrealestate.com
59 Samoset St., Plymouth, MA 02360

Best of Hull Award

Karen Morley Real Estate has been selected for the 2020 Best of Hull Award in the Real Estate category by the Hull Award Program.

Proud Member of:

Mass Association of Realtors

Mass Association of Realtors

National Association of Realtors

National Association of Realtors

MLS Property Information Network

MLS Property Information Network

Hull Chamber of Commerce

Hull Chamber of Commerce

© 2014-2023 Karen Morley Real Estate. All rights reserved.