Annual Mortgage Constant

Business, Legal & Accounting Glossary

Definition: Annual Mortgage Constant


Annual Mortgage Constant


Full Definition of Annual Mortgage Constant


A ratio between the annual amount of debt servicing to the total value of a loan. This is only applicable to mortgages that pay a fixed rate of interest. This constant may also be used to calculate the highest loan value that can be received on a property, given the income that is generated by that property – regardless of whether it is a residential or a commercial property.


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December 07, 2021 https://payrollheaven.com/define/annual-mortgage-constant/.
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https://payrollheaven.com/define/annual-mortgage-constant/ (accessed: December 07, 2021).
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Annual Mortgage Constant. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/annual-mortgage-constant/

Definition Sources


Definitions for Annual Mortgage Constant are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.