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what is a repayment plan

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Icon Mini Profile tamrenea





Joined: 10 Jan 2009

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Post Posted: Sat Jan 10, 2009 4:09 pm    Post subject: what is a repayment plan
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what is a repayment plan
Icon Mini Profile Caron
Caron
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Joined: 19 Jul 2005

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Location: florida
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Post Posted: Mon Jan 12, 2009 3:54 am    Post subject:
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Hi tamrenea,

A repayment plan is one using which you pay off a loan or mortgage. In case of mortgage loan, the payments are amortized for the entire loan term, say 15 year, 30 year etc. Know more on Amortization from the information available on this topic.

Good luck

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