ilmscore | Mortgage Payment Allocation Predictions
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Mortgage Payment Allocation

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Recent Predictions

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Unrated: 0
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In the first 20 years of a 30-year mortgage at 7% interest on a $400,000 loan, over half of the monthly payment goes towards interest, not principal.
"for example let's assume that you get a $400,000 loan you lock it in for 30 years at a 7% mortgage r..."
Minority Mindset Minority Mindse...
Jan 10, 2025
Pending
Why Homeowners Lose ...
For a 30-year fixed-rate mortgage, over half of the payments made during the first 14 years primarily go towards interest for the bank.
"So, you're going to work to make the payments here. And then on your mortgage, if you get a 30-year ..."
Minority Mindset Minority Mindse...
Feb 6, 2024
Pending
How To Invest In Div...
For approximately the first 14.5 years of a 30-year mortgage, the majority of the payment goes towards interest for the bank, not towards the principal or equity.
"for the first about 14 years of your mortgage the majority of your mortgage payment is going to be g..."
Minority Mindset Minority Mindse...
Sep 25, 2023
Pending
The Rich Don’t Buy D...