Last reviewed 08-20-2026Short-Sale.com Editorialglossary
AMORTIZED LOAN
California Department of Real Estate
Updated 08-20-2026
AMORTIZED LOAN
A loan to be repaid, interest and principal, by a series of regular payments that are equal or nearly equal, without any special balloon payment prior to maturity. Also called a Level Payments Loan.
California Department of Real Estate Glossary
California Department of Real Estate · p. 3
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