Loan amortization schedule

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Loan amortization schedule

The timetable for repaying the interest and principal on a loan.

Loan Amortization Schedule

The schedule according to which one repays a loan. The loan amortization schedule shows the amount of each installment and how much principal and/or interest is repaid each month. See also: Amortization.
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This streamlined refinance of a Freddie Mac loan produced increased proceeds, a lower interest rate and extended amortization schedules, as well as closing cost savings to the borrower.
The insurance companies are offering terms of three, five, seven or 10 years with 25 year amortization schedules.