If youre a homeowner, you probably received an amortization schedule during the closing process, but have you looked at it since then? The chart actually has some information about your mortgage ...

Loan amortization is the process of scheduling out a fixed-rate loan into equal payments. A portion of each installment covers interest and the remaining portion goes toward the loan principal.

But what is an amortization schedule and how does it relate to home loans? When you buy a home, your mortgage lender will give you an amortization schedule. Fox News Media ...