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Here’s why it matters and how to calculate an amortization schedule. Visit Scotiabank online tool today! What Is Amortization? In the context of a loan, amortization is a way of spreading the loan into a series of payments over a period of time. Your offset account balance reduces the balance your lender uses to calculate Amortization is the process of paying off a loan with regular fixed payments over time. Every offer is generated by 100+ mortgage lenders bidding for your business in About Mortgage Amortisation Mortgage amortisation is the process of paying off a home loan with regular payments over time. But do you know your remaining mortgage balance? 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