Q:

Do mortgage companies provide an amortization rate chart?

A:

Quick Answer

An amortization schedule is typically among the documents provided as part of the process of getting a mortgage. Amortization schedules and calculators are also available online at sites such as Bankrate, TheTruthAboutMortgage.com and Investopedia.

Continue Reading

Full Answer

An amortization schedule reveals the true cost of buying a home by showing the amount paid in principal and interest every month. In many cases, the interest on a 30-year mortgage adds to up to more than the original stated cost of the house. Amortization schedules are also very helpful to homeowners considering refinancing their mortgages, as they reveal how much money can be saved over the life of the loan as a result of refinancing.

Learn more about Credit & Lending

Related Questions

Explore