Kiritsis & Associates
By: John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M
Generally, it is a mortgage loan that is repaid by a series of equal or nearly equal regular payments, with each payment composed of interest and principal. Also, an amortized loan will be without any special balloon payment prior to maturity. There is a key contrast between an amortized loan which has equal payments versus a bullet loan where a large portion of the loan is due at a set maturity date rather than being paid down gradually.
The word “amortization” has its roots from the French language, and it means “to kill off”. There is often a large confusion about amortized loans within the accounting and tax industry profession. The confusion seems to stem that accounting and tax rules often associate amortization with an intangible asset, which is similar to the depreciation concepts involving real estate though, this may be true in terms of accounting and tax regulatory framework, it’s important to note that state property law, and the attorneys who draft the loan agreements, don’t seem to notice and/or care about the distinction. Unlike the old days, calculating the amortized loan schedule and graphics is relatively easy, in the age of the internet.
Law Offices of Kiritsis & Associates
Phone # 212 922 0005
Manhattan Office (Main Office):
633 Third Avenue
New York, NY 10017
Brooklyn Office (By Appointment Only):
1023 74th Street
Brooklyn, NY 11228
New Jersey Office:
7309 Ventnor Avenue
Ventnor, NJ 08406
ATTORNEY ADVERTISING. PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME.
We hope you would find this website useful with regards to finding potentially relevant information for your legal issue. The Law Offices of Kiritsis & Associates PLLC is a boutique law Firm Group headquartered in Midtown Manhattan, with offices in Manhattan, Brooklyn (NY) and New Jersey. We strive to provide professional legal services for individuals and various business entities. Our clientele ranges from including aspiring entrepreneurs, startups to established business organizations.
We offer flat fee prices for many of the practice areas provided listed throughout our website. For more information on the topic you may be interested, or simply to find out how our law Firm Group can help, you may click at any of our site's links.
We are available for existing and potentially new clients 7 days a week -- via online, phone and/or in person.
Intellectual Property Disclaimer(s):
The materials available through this website and any other websites owned by John Kiritsis (individually and collectively, the "Website") are the property of John Kiritsis and his entities, and are protected by copyright, trademark and other intellectual property laws. You may not use, reproduce, download, store, post, broadcast, transmit, modify, sell or make available to the public content from the Website without the prior written approval of John Kiritsis. Be aware that any unauthorized use of John Kiritsis trademarks and copyrighted content for commercial purposes in violation of John Kiritsis's intellectual property rights will be vigorously enforced. All other trademarks, service marks and trade names referenced in this site are the property of John Kiritsis.