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Knowledge Base Article

Loan Amortization

What is amortization?

Amortization is the payment of a loan by equal periodic payments calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance. A printout of the periodic payments is referred to as an Amortization Schedule. You can get a copy of your loan amortization schedule by contacting Mortgage Servicing at 800-544-3328 or by sending a request within Online Banking from Secure Email under Additional Services.