If you have encountered this word in any type of loan initiative, then welcome to the world of adulthood. I recall using this word for the first time in a conversation, and it made me sound so mature! This way you see another inverse relationship of the interest decreasing as your principal increases at the end of the loan term.
Now that you’ve had your first bout with real estate terminologies, you have also gained more confidence in making the right decisions toward making your real estate purchase.