Submitted by Anonymous on Mon, 10/27/2014 - 23:18
on a 30 year loan does more of the payment go to principle after ten years
on a 30 year loan does more of the payment go to principle after ten years
on a 30 year loan does more of the payment go to principle after ten years
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Yes - every payment lowers the principal owed by a small amount - as the balance owed goes down more of the payments goes towards principal - it is a small amount but each month that number should change (it may be pennies difference month to month)
Brian Barnes
ENG Lending Nationwide Loans
Brian@Aimwithfocus.com