Once mortgage financing is obtained, the future owner will be faced with the question of interest-rates. Again, the most common possibilites are variable rates, LIBOR, and fixed rates.
Loan amortisation refers to the portion of capital that is paid back at the end of each period, for example quarterly. Mortgage loan debtors must reduce their commitments to 2/3 of the value of the property. But in absolute terms, is it a good idea to amortise?
