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2. What is mortgage amortization? - AOL

   www.aol.com/finance/mortgage-amortization...

   Understanding your amortization schedule can help you make informed decisions about how best to pay off your loan, and the length of time and cost it will take to do so. ... a loan amortization ...

3. Should I pay off my mortgage early? - AOL

   www.aol.com/finance/pay-off-mortgage-early...

   Before paying off a loan ahead of schedule, it’s important to read the fine print. Based on the terms of your loan, you could be subject to a prepayment penalty for paying off your mortgage ...

4. Amortization calculator - Wikipedia

   en.wikipedia.org/wiki/Amortization_calculator

   An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

5. Amortization schedule - Wikipedia

   en.wikipedia.org/wiki/Amortization_schedule

   An amortization schedule is a table detailing each periodic payment on an amortizing loan (typically a mortgage), as generated by an amortization calculator. [1] Amortization refers to the process of paying off a debt (often from a loan or mortgage) over time through regular payments. [2] A portion of each payment is for interest while the ...

6. What is a prepayment penalty? - AOL

   www.aol.com/finance/prepayment-penalty-165152113...

   A prepayment penalty discourages borrowers from paying more or paying off the loan.

7. Rule of 78s - Wikipedia

   en.wikipedia.org/wiki/Rule_of_78s

   Also known as the "Sum of the Digits" method, the Rule of 78s is a term used in lending that refers to a method of yearly interest calculation. The name comes from the total number of months' interest that is being calculated in a year (the first month is 1 month's interest, whereas the second month contains 2 months' interest, etc.).