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A loan is set up so that the borrower's loan payments are for the same...

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A loan is set up so that the borrower's loan payments are for the same amount each month. A portion of each payment goes to interest, and a portion goes to principal, and the loan balance will be zero at the end of the loan term. Which type of loan is this?

A.

Fully amortizing

B.

Negatively amortizing

C.

Partially amortizing

D.

Straight amortizing

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  • Product: NCREC-Broker-N
  • Update on: Apr 7, 2026
  • Questions: 125
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TESTED 07 Apr 2026