ilmscore | Prediction Details
"Did you know that your mortgage payments are front loaded meaning if you go out and buy a home today with a mortgage most of your mortgage payment is going to be going to interest in your bank's pocket today and tomorrow and the month after that and the month after that and the year after that and the year after that and the year after that for the first about 14 years of your mortgage the majority of your mortgage payment is going to be going directly into your Banker's pocket with interest and not Equity"
By Minority Mindset | January 21, 2024 | Pending
From video
The Ultimate Guide To Break Out Of The Rat Race & NEVER WORRY ABOUT MONEY AGAIN 01:10:54 - 01:11:25
Interpreted Prediction
Mortgage payments are heavily weighted towards interest in the initial years (approximately 14.5 years), meaning the majority of early payments go to the bank, not towards building equity.

Prediction Details

Topic
Mortgage Payments

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