Posted on: 10th Jan, 2009 03:09 pm
what is a repayment plan
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
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