1.0Montreal Real Estatehttps://www.montreal-realestate.ca/englishGlossary - Montreal Real Estaterich600338<blockquote class="wp-embedded-content" data-secret="joKgDMqGtC"><a href="https://www.montreal-realestate.ca/english/glossary/">Glossary</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.montreal-realestate.ca/english/glossary/embed/#?secret=joKgDMqGtC" width="600" height="338" title="“Glossary” — Montreal Real Estate" data-secret="joKgDMqGtC" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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https://www.montreal-realestate.ca/english/wp-content/uploads/2006/03/chastity-cortijo-1119621-unsplash-1024x798.jpg1024798Amortization: The period of time, often a maximum of 25 years, required to reduce the mortgage debt to zero when all regular blended payments are made on time and provided the terms (payment and interest rate) remain the same.