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  • Keith&Jacqueline

Amortization Period

Updated: Jan 27, 2023

The amortization period is the length of time it would take to pay off a mortgage in full, based on regular payments at a certain interest rate.

A longer amortization period means you will pay more interest than if you got the same loan or mortgage with a shorter amortization period.

A longer amortization period would lower your monthly payment. A shorter amortization period would increase your monthly payment.

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