Amortized loans are less -stressful- for borrowers
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sigmund
Apprentice
Joined: 11 Apr 2006
Posts: 3
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 Posted: 06/15/08 - 05:07 Post subject: |
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I have recently been thinking about getting a loan. It seems to me that the best way to buy a house is such a solution. However, I would like to know whether amortized loans are less stressful for borrowers. Such an information could help me a lot, so if anyone could tell me, I would be grateful.
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darrick
Apprentice
Joined: 16 Aug 2007
Posts: 4
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| Posted: 07/15/08 - 02:55 Post subject: |
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| Making a decision to get a loan, you have decided to commit yourself financially for a certain number of years, and the bank where you are getting the credit has agreed to give you their money. However, they also charge you for that approval. Another thing is your credit rating. They assess it and estimate your financial capabilities. Now, amortization really brings less stress, since it allows you and your lender to organize payments as you both find suitable, and also such deals are revisable in your favor to some extent. Hope you find the info helpful. For some more, go to http://www.wisegeek.com/what-is-amortization.htm. |
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