What Is an Amortization Schedule…And Why It’s Important
Upon borrowing money to purchase a home, one of the documents you will run across is an amortization schedule provided by your mortgage lender. The amortization schedule, in essence, outlines your loan payments each month and helps keep you on track. Here, realtor.com explains exactly what an amortization schedule is and why it’s important. What is an amortization schedule? When you