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Tag Archives: Principle
Why do amortized mortgage loans have such high interest payments and such low principle paydown ?
Question by raclawski04@ameritech.cyberspace: Why do amortized mortgage loan have such grade involvement payment and such depression rule paydown ?Why do amortized mortgage loans have such grade involvement payment during the first elite years? The seller is offer seller financing. Can … Continue reading
Q&A: How exactly do ‘interest only’ mortgage loans work? When do I pay on the principle of such a loan?
Question by ronnieD: How exactly do ‘interest only’ mortgage loans work? When do I pay on the principle of such a loan?I know APR loans are a bad idea, but how would an interest-only loan work? Would it still be … Continue reading
How do “Refinance” companies make profit on equity “interest only” loans?
Michael K asked: Last year, I was compelled to agree to an interest only equity home loan. I paid cash for my home 2 years prior, and owned the home without mortgage of any type. Now, I am paying off … Continue reading