What is mortgage amortization?
Amortization determines how much of your monthly payment goes toward principal and interest. Here’s how it impacts you.
5 min read
Sep 30, 2025
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 physician mortgage loan?
They’re a good deal for aspiring homeowners. But you still might want to get a second opinion.
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Guide to getting your first credit card while in college
Before applying for your first credit card in college, here are some considerations.
9 min read Sep 05, 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 -
How a HELOC can advance your business
It can be easier for an entrepreneur to get, but it means hocking the home for your enterprise.
9 min read Aug 26, 2025 -
Mortgage loan modification: What it is and how to get one
If you can’t pay your mortgage, you may be able to have it modified. Here’s what to look for.
7 min read Aug 22, 2025 -
Mortgagor vs. mortgagee: What’s the difference?
These similar terms actually refer to parties on the opposite ends of a home loan.
3 min read Aug 20, 2025 -
