Mortgage Constant

A rate calculated by dividing the periodic loan payment by the initial loan amount. The Mortgage (or Loan) Constant is often used as a tool to efficiently calculate loan payments and is represented as a percentage. For instance, a mortgage loan with an annual payment of $16,000 and an initial loan balance of $250,000 has a Mortgage Constant of 6.40%.

Submit a Financing Request

Secure favorable term sheets for your real estate project