Finance
What is 'amortization schedule' and why is it important for Oregon borrowers?
AA table showing the depreciation schedule for tax purposes
BA schedule showing each payment's allocation between principal and interest over the life of the loan, demonstrating how the balance decreases over time✓ Correct
CA schedule for Oregon property tax assessment cycles
DA lender's timetable for processing the loan application
Explanation
An amortization schedule is a detailed table showing each monthly mortgage payment's breakdown between interest and principal, the remaining balance after each payment, and the cumulative principal and interest paid. Early in the loan, most of the payment is interest; over time, more goes to principal. Oregon borrowers can use amortization schedules to understand equity buildup and plan prepayment strategies.
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