Why Do Most of My Mortgage Payments Start Out as Interest?

When you make a mortgage payment, the amount paid is a combination of an interest charge and principal repayment. Over the life of the mortgage, the portions of interest to principal will change.At first, your payment will be primarily interest, with a small amount of principal included.
March 13, 2017 at 09:47AM
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Posted on 03/13/2017, in Invest and tagged , , , . Bookmark the permalink. Comments Off on Why Do Most of My Mortgage Payments Start Out as Interest?.

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