[Solved] Fully amortizing a mortgage loan means th

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Fully amortizing a mortgage loan means that the equity in the house declines as the loan is paid down. a long-term loan is converted to

Fully amortizing a mortgage loan means that the equity in the house declines as the loan is paid down. a long-term loan is converted to a short-term loan. the loan is repaid in equal, consecutive payments. payments are for interest payments only

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