Walking the Millionaire's Path: Looking at the chart of mortgage amortization

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Sunday, February 25, 2007

Looking at the chart of mortgage amortization

If you look at the chart of a typical mortgage, you see that when you get to the last half of the life of the loan, the amount of money going toward principle really picks up speed. You spend the first half of the loan paying more in interest than what goes toward the principle. Understanding this,... Sign in to see full entry.