{"id":670,"date":"2011-07-03T20:35:18","date_gmt":"2011-07-04T03:35:18","guid":{"rendered":"http:\/\/markandkelley.com\/mark\/?p=670"},"modified":"2021-05-27T10:34:12","modified_gmt":"2021-05-27T17:34:12","slug":"how-amortization-affects-the-lendor-and-the-buyer","status":"publish","type":"post","link":"https:\/\/www.hickendesign.com\/site\/2011\/07\/how-amortization-affects-the-lendor-and-the-buyer\/","title":{"rendered":"How Amortization Affects the Lendor and the Buyer"},"content":{"rendered":"<p>Here&#8217;s a quick talk about amortization and how it affects the interest curve of a loan&#8230;<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"349\" src=\"http:\/\/www.youtube.com\/embed\/soelGeCPS2I\" frameborder=\"0\" allowfullscreen=\"\"><\/iframe><\/p>\n<p>If you are interested, here is the <a href=\"http:\/\/www.hickendesign.com\/site\/wp-content\/uploads\/2011\/07\/loan_amortization.xls\">loan amortization spreadsheet<\/a> I used in this video.<\/p>\n<p>On most mortgages, a large percentage of your payment goes to interest for the first several years.&nbsp; The mortgage doesn&#8217;t really work in your favor until about the 20th year.&nbsp; Have a look at this chart&#8230;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.hickendesign.com\/site\/wp-content\/uploads\/2011\/06\/fmmortgage.gif\" rel=\"lightbox[670]\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" title=\"Mortgage\" src=\"https:\/\/i0.wp.com\/www.hickendesign.com\/site\/wp-content\/uploads\/2011\/06\/fmmortgage.gif?resize=400%2C260\" alt=\"\" width=\"400\" height=\"260\"><\/a><\/p>\n<p>The point at which your equity rises above your debt is where this financial instrument is good for you.&nbsp; Before that it&#8217;s good for the bank and bad for you.<\/p>\n<p>Do you have additional insight on amortization or loans?  Leave a comment!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a quick talk about amortization and how it affects the interest curve of a loan&#8230; If you are interested, here is the loan amortization spreadsheet I used in this video. On most mortgages, a large percentage of your payment goes to interest for the first several years.&nbsp; The mortgage doesn&#8217;t really work in your &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.hickendesign.com\/site\/2011\/07\/how-amortization-affects-the-lendor-and-the-buyer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;How Amortization Affects the Lendor and the Buyer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[106],"tags":[13,16,53,56],"class_list":["post-670","post","type-post","status-publish","format-standard","hentry","category-finance","tag-amortization","tag-bank","tag-loan","tag-mortgage"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.hickendesign.com\/site\/wp-json\/wp\/v2\/posts\/670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hickendesign.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hickendesign.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hickendesign.com\/site\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hickendesign.com\/site\/wp-json\/wp\/v2\/comments?post=670"}],"version-history":[{"count":1,"href":"https:\/\/www.hickendesign.com\/site\/wp-json\/wp\/v2\/posts\/670\/revisions"}],"predecessor-version":[{"id":1436,"href":"https:\/\/www.hickendesign.com\/site\/wp-json\/wp\/v2\/posts\/670\/revisions\/1436"}],"wp:attachment":[{"href":"https:\/\/www.hickendesign.com\/site\/wp-json\/wp\/v2\/media?parent=670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hickendesign.com\/site\/wp-json\/wp\/v2\/categories?post=670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hickendesign.com\/site\/wp-json\/wp\/v2\/tags?post=670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}