What is mortgage amortization?
Amortization determines how much of your monthly payment goes toward interest.
6 min read
Feb 23, 2026
Erik J. Martin
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Mortgages
- Housing market
- Home improvement
- Credit cards
EDUCATION
- Bachelor of Arts, Loyola University Chicago
- Dale Carnegie Training
Erik J. Martin is a contributor to Bankrate covering personal finance, including mortgages, the housing market, home improvement and credit cards. Based in the Chicago area, he is host of the “Cineversary” podcast and blogs on Cineversegroup.com and Martinspiration.com.
In addition to Bankrate, Martin has contributed to AARP The Magazine, Tte Chicago Tribune, Reader’s Digest, The Costco Connection and USAA, among other outlets.
Erik J.'s latest articles
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What is a bridge loan and how does it work?
Bridge loans can help borrowers move from one home to the next, but these loans do have potential downsides.
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Here are some of the best lenders for low- and no-down payment mortgages in 2025.
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What is a mortgage loan modification, and how do you get one?
If you can’t pay your mortgage, you may be able to have it modified. Here’s what to look for.
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Refinancing a mortgage: What it means and how it works
Everything you need to know about how, and when, to refinance your home loan.
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What is a physician mortgage loan?
They’re a good deal for aspiring homeowners. But you still might want to get a second opinion.
5 min read Sep 15, 2025 -
How to get a mortgage when you’re self-employed
The process of getting a mortgage while self-employed isn’t all that different, provided you meet the lender’s requirements.
7 min read Aug 27, 2025