Full amortization of a thirty-year fixed rate mortgage means that monthly payments are equal and include both principal and interest.

Name: Full amortization of a thirty-year fixed rate mortgage means that monthly payments are equal and include both principal and interest.
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Full amortization of a thirty-year fixed rate mortgage means that the monthly payments are designed to pay off both principal and interest over the course of thirty years, resulting in equal monthly payments.

Full Amortization of a Thirty-Year Fixed Rate Mortgage Means That