Talk:Amortization
Add topicLatest comment: 10 years ago by Mclay1 in topic December 2010
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April 2005
[edit]Can someone add a more concrete example of this?
June 2005
[edit]Does anyone know about reverse amortization?
- Reverse Amortization Mortgages work with the equity a homeowner already has. Essentially, this mortgage pays the homeowner a set amount of money for life based on the amount of equity they have. It’s very much like an annuity you might set up with a life insurance company. In that transaction you would pay the company $30,000, then they would give you $2,000 a year for 20 years. Instead of paying the $30,000 upfront, with a reverse amortization mortgage you refinance your house and pay it from the equity you have in your home.(Reference - Mortgage Loans/Suite 101.com - Rajja1810)
October 2006
[edit]the etymology of this word comes from the word "mort" which means "dead"
December 2010
[edit]Should it not be amortisation (amortization). The etymology suggests this - no need to americanise the word!
- No. Per WP:ENGVAR, all variations of English are acceptable, but articles should be consistent. If the topic is connected to a particular variation, country, etc., then that variation of English should be used. Otherwise, we use whatever variation was established first. In this case, the topic is not connected to any particular variation, and American English was established first. McLerristarr | Mclay1 14:47, 16 August 2015 (UTC)