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 It's about 14 and a half years into your mortgage your third year mortgage that now at least half of a mortgage payment is going to be going to your principal"
By Minority Mindset | September 18, 2023 | Pending
From video
How To Attract Infinite Wealth (Not The Law Of Attraction) 00:25:53 - 00:26:52
Interpreted Prediction
The speaker predicts that for the first approximately 14.5 years of a 30-year mortgage, the majority of payments go towards interest, not principal or equity.

Prediction Details

Topic
Mortgage Payment Structure

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