15-40 year ammortization | Go Back

AKAL Mortgages HAS EXPERIENCE WORKING WITH ALL LOAN PRODUCTS!!!

What Is Amortization?

When you apply for a loan, a decision must be made to what type of amortization you wish to set your mortgage to. Your mortgage will have of a portion which will be applied to pay the accumulated interest on the loan. Now the remaining portion will always be applied towards the principal. As you continue to make payments on the mortgage, the interest portion will decrease as the loan balance decreases, and the amount applied to principal will increase. This will allow the loan to be paid off (amortized) in the specific time frame.

• Looking to pay that mortgage off quick? We offer mortgages with amortizations as low as 10 years!
• Standard 25 year amortizations are offered with all products
• If cash flow savings are your priority, we offer mortgages with amortizations raging from 30 years to even as long as 40 years