On Loans: Straight-line vs Diminishing Balance Amortization
By bulbs and bubbles on Feb 2, 2013 in: Home Loans, Financial Literacy, Personal Loans
You might have encountered these words when you applied for a home loan or any other loan. Or maybe you were asked to choose between the two and you had no idea what these mean anyway. Here’s my friendly explanation. These are amortization methods...
