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The definition of loan constant which is also known as mortgage constant is a percentage that shows the annual debt service on a loan in proportion to the whole principal value. <\/b><\/p>
This ratio helps the borrower to compare and choose the loan with the lowest annual mortgage constant saving thousands of dollars on their mortgage payments. <\/b><\/p>
The lowest loan constant means that the borrower will be making less payment on the interest and principal over the period of the loan.<\/b><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t