ilmscore | Prediction Details
"the interest is front loaded that means for the first half of your mortgage if you get a 30-year fix rate mortgage the first 14 years of your mortgage the majority of your payment is going directly into your Banker's Pockets with interest"
By Minority Mindset | November 15, 2023 | Pending
From video
Before You Pay Down Your Mortgage - Watch This 00:10:07 - 00:10:18
Interpreted Prediction
For a 30-year fixed-rate mortgage, the majority of payments in the first 14 years go towards interest, not principal.

Prediction Details

Topic
Mortgage interest amortization

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