Walking the Millionaire's Path: Looking at the chart of mortgage amortization
By SuccessWarrior - About Me - E-mail this page - Add to My Favorites - Add to Blog List - See other blogs in Self-Help
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By SuccessWarrior - About Me - E-mail this page - Add to My Favorites - Add to Blog List - See other blogs in Self-Help
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Sunday, February 25, 2007Looking at the chart of mortgage amortizationIf 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.Posted by: SuccessWarrior at 8:05 AM Your Two Cents (2) (permalink) |