Articles Tagged with 15 year loan

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The world of law frequently intersects with the world of finance. Although it may not seem like it, this intersection also includes family law. Income is almost always a factor in any type of financial support case. Valuation is critical to property distribution. Family law attorneys need to be financially literate to understand this intersection. Part of understanding is vocabulary. It may seem elementary, but vocabulary is often the first and biggest hurdle to becoming financially literate. Many simple concepts are often concealed behind terms of art that are not in common spoken English. One such concept is paying back a loan, a.k.a. amortization.[1] Continue reading →