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Reamortize
Updated
January 19, 2023
Reamortization is the process of changing a borrower's monthly payment amount such that the payments cover the accumulated interest and whole principle of a loan by a particular date. Amortized loans typically have the same monthly payment for the duration of the repayment period. Still, some circumstances need the lender to recalculate prices for the loan to be paid off by a particular end date.
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