What do you mean by Fully Amortising Payment?

A fully amortising payment is a type of loan repayment where both the principal and interest are paid off over time, ensuring the debt is fully cleared by the end of the loan term. In this video, we explore how fully amortising payments work, the differences between fixed-rate and adjustable-rate loans, and how they compare to interest-only payments. With examples like a 30-year mortgage, we'll explain how these payments evolve over time, and the impact on your total loan cost.

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