Talk:Amortization
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Can someone add a more concrete example of this? the etymology of this word comes from the word "mort" which means "dead"
Does anyone know about reverse amortization? Reverse Amortization Mortgages work with the equity a homeowner already has. Essentially, this mortgage pays the homeowner a set amount of money for life based on the amount of equity they have. It’s very much like an annuity you might set up with a life insurance company. In that transaction you would pay the company $30,000, then they would give you $2,000 a year for 20 years. Instead of paying the $30,000 upfront, with a reverse amortization mortgage you refinance your house and pay it from the equity you have in your home.(Reference - Mortgage Loans/Suite 101.com - Rajja1810)
Should it not be amortisation (amortization). The etymology suggests this - no need to americanise the word!
