Common Mortgage Terms

Mortgage Terms can be confusing. This chart with all mortgage definitions will help.. Common area assessment, A levy against individual unit owners in a.

Montage Mortgage Reviews Loan constant definition pdf constant annual percent / loan amortization schedules – Interest rate on vertical axis. Loan amortization period on horizontal axis. table shows annual loan constant percent for a loan with monthly level debt service loan payments. Example: $1,000,000 loan, 6% interest rate, 30 year amortization results in a monthly payment of $5,995.83 ($1,000,000 x 7.195% / 12 = $5,995.83)