Types of amortization
Types of Amortization - The types of amortization of the mortgages and loans are related to the quantity to pay in the regularity agreed, that is to say the quota. According to what we have matched, it can be monthly, quarterly, half-yearly, etc. What we pay periodically is going to depend on the amount of the loan, the interest rate and the term that we have agreed.
In the different types of amortization the quota constitutes one of the factors to bear in mind at the time of choosing our mortgage or loan. This way, there differ 3 types of amortization of mortgages:
- Constant quota or French method
- Increasing quota
- Decreasing quota
Next we explain the different types of amortization in a more detailed way: