Banks front-load mortgage interest because most people only stay in homes for 7 years. In the early years, most of your payment goes to interest (like $2,000 interest vs $200 principal), which is why buying a home you won't live in long-term is a terrible investment. Understanding this amortization trick can save you from making costly real estate mistakes.
Your $2000 Payment: Only $200 Goes to Principal! š± #MortgageTips #RealEstateInvesting
Join the Email List
Listen On
