Amortization means paying off a loan with regular payments over time, so that the amount you owe decreases with each payment. Most home loans amortize, but some mortgage loans do not fully amortize, meaning that you would still owe money after making all of your payments. Some home loans allow payments that cover only the…

It means the amount of money you are borrowing from the lender, minus most of the upfront fees the lender is charging you. Amount Financed Resources Amount Financed FAQs