ilmscore | Prediction Details
"So, you're going to work to make the payments here. You're the one that's working to pay down the mortgage. And then on your mortgage, if you get a 30-year fixed rate mortgage, the first half of your mortgage, actually, the first 14 years of your mortgage, more than half of your monthly payment is going directly into your banker's pocket with interest. Because your mortgages are front-loadorded, your banks want to get paid before you get paid."
By Minority Mindset | February 6, 2024 | Pending
From video
How To Invest In Dividend Paying Stocks & NEVER WORK AGAIN 00:55:37 - 00:56:00
Interpreted Prediction
A significant portion of early mortgage payments, particularly in the first 14 years of a 30-year fixed-rate mortgage, goes towards interest for the bank due to front-loaded loan structures.

Prediction Details

Topic
Home as Liability

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