Business, Legal & Accounting Glossary
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.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Annual Mortgage Constant are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.