Loans And Mortgages Information

The amortization of the loan is characterized by the German rate constant. In the plan the amortization of the loan share of the German interest rate paid in determining the amount of principal outstanding.

The payment of interest is done in advance, i.e. at the beginning of the period in which they vest. It follows that the first installment is only interest and will be paid in connection with the time of issue of the loan. The last installment will be made entirely from capital.

Interest payments in advance for the German plan reducing their value.