What is the meaning of Mortgage (amortising or reducing)?

Mortgage (amortising or reducing) is the principal and interest type loan which is the most common form of housing loan. The repayments through the term of the loan include both interest and principal.

3
 
|15 years ago|1.3k views|share |citing 
APABarry Goldsmith. (2010). Mortgage (amortising or reducing). Retrieved September 26, 2026, from http://smartdefine.org/mortgage_(amortising_or_reducing)/definitions/1158452
ChicagoBarry Goldsmith. 2010. "Mortgage (amortising or reducing)" http://smartdefine.org/mortgage_(amortising_or_reducing)/definitions/1158452 (accessed September 26, 2026).
HarvardBarry Goldsmith 2010, Mortgage (amortising or reducing), Smart Define, viewed 26 September, 2026, <http://smartdefine.org/mortgage_(amortising_or_reducing)/definitions/1158452>.
MLABarry Goldsmith. "Mortgage (amortising or reducing)" 21 October 2010. Web. 26 September 2026. <http://smartdefine.org/mortgage_(amortising_or_reducing)/definitions/1158452>