When you buy a home, whether it’s a home for sale in Uptown Charlotte, a single-family home for sale in Mint Hill, or even a condo in another area such as South Park or Ballantyne, you’re most likely going to need a mortgage loan. If that’s the case, you’re going to have to understand amortization. What is Amortization? Amortization is an accounting term that refers to what happens when you pay off a debt over time. In the case of a mortgage, part of each payment goes toward interest; the … Continue reading...
