ilmscore | Prediction Details
"Because your mortgages are front-loadorded, your banks want to get paid before you get paid. So during the first year when you're paying your $2 $3,000 a month in your mortgage payments, almost all of your mortgage payment is being used to pay your banker's interest as opposed to building any equity in your home."
By Minority Mindset | February 6, 2024 | Pending
From video
How To Invest In Dividend Paying Stocks & NEVER WORK AGAIN 00:55:56 - 00:56:13
Interpreted Prediction
In the early years of a mortgage, a significant portion of monthly payments goes towards interest for the bank, with minimal impact on building home equity, due to the front-loaded nature of mortgage repayment schedules.

Prediction Details

Topic
Mortgage Interest Payments

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