Amortization

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  • : Function ereg() is deprecated in /home/kitczqgn/public_html/canada.compareco.com/includes/file.inc on line 895.
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  • : Function ereg() is deprecated in /home/kitczqgn/public_html/canada.compareco.com/includes/file.inc on line 895.

With a mortgage, the borrower agrees to pay back the amount borrowed over a period of time. This breaking of the loan into smaller parts to be paid back over uniform blocks of time is amortization.