3 ms·
In a conventional mortgage, the proportion of interest you pay is frontloaded so that you're paying much more interest in the beginning of the loan. So in the
by tdfx 8y ago
In a conventional mortgage, the proportion of interest you pay is frontloaded so that you're paying much more interest in the beginning of the loan. So in the first 7 years of a 30 year mortgage, you will have paid some principal, but the majority was interest.