3 ms·
A 30 year mortgage is just below the threshold of being an interest only mortgage. Especially when looked through the lens of a 10 year length of stay in a hou
by mywittyname 4y ago
A 30 year mortgage is just below the threshold of being an interest only mortgage. Especially when looked through the lens of a 10 year length of stay in a house. Ten years into a 30 year mortgage, one will have paid something like 60% of the total interest on the loan.