loan amortization excel

Understanding Loan Amortization: A Simplified Guide

Understanding Loan Amortization: A Simplified Guide Understanding Loan Amortization: A Simplified Guide Loan amortization is such an important financial concept in determining directly how borrowers may repay their debts over a given time. Be it house financing, purchasing of a car, or any other debt consolidation, being knowledgeable about loan amortization can definitely empower better decisions financially. What does the term “loan amortization” mean? Amortization, at its simplest, means paying back a loan in a series of scheduled payments. This…