mortgage constant


A figure comparing an amortizing mortgage payment to the outstanding mortgage balance.

Use mortgage constant in a sentence

You may want to shop around and look for the best mortgage constant you can get before you agree to one.

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The bank needed to review the mortgage constant's to determine what the ammortizing payment was like in comparison to their total balance.

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We ran the figures regarding the mortgage constant and they fell right in line with our expectations, so no changes needed to be made in our budgeting.

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mortgage company loan constant