MORTGAGE SERIES
Amortization & Fixed Year Program
Edited by Stephen Lee with CRI
Amortization & Fixed Year Program
General Overview
-Mortgagee : Home buyer(Owner)
-Mortgagor : Bank ( Lender)
Home buyer(Owner) gives the mortgage to the lender(bank) and
the bank(lender) gives the money(loan)
How home buyer(Owner) pays back money
-Pay the principles and interests monthly, calculated by amortization (할부 상환) for typically 15 years and 30 years
Amortization & 50–Year Fixed Program
Amortization Table
-Mortgagee : Home buyer(Owner)
-Mortgagor : Bank ( Lender)
Home buyer(Owner) gives the mortgage to the lender(bank) and
the bank(lender) gives the money(loan)
How home buyer(Owner) pays back money
-Pay the principles and interests monthly, calculated by amortization (할부 상환) for typically 15 years and 30 years
Amortization & 30–Year Fixed Program
Amortization & 50–Year Fixed Program
Amortization & Fixed Year Program
