Direct Reduction Mortgage

Concept of Direct Reduction Mortgage in the context of Real Property

A short definition of Direct Reduction Mortgage: An amortized mortgage. One on which principal and interest payments are paid at the same time (usually monthly) with interest being computed on the remaining balance.

Concept of Direct Reduction Mortgage in the context of Real Property

A short definition of Direct Reduction Mortgage: An amortized mortgage. One on which principal and interest payments are paid at the same time (usually monthly) with interest being computed on the remaining balance.