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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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Anonymous
27-10-2014

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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

brian1 | Asked on 2014-10-29

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