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amortize
(redirected from amortized)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia 0.01 sec.
amortize [′amĀ·ər‚tīz]
(industrial engineering)
To reduce gradually an obligation, such as a mortgage, by periodically paying a part of the principal as well as the interest.


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Fixed-Rate and Variable Mortgages Also known as amortized mortgages, these loan types are the basic loan you will encounter.
30-year amortized: This matches the monthly payment of a mortgage amortized over 30 years at your current interest rate.
The mortgage reaches the neg-am cap at the beginning of the fourth year and resets at a higher interest rate and loan balance, and with a fully amortized payment.
 
 
 
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