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Jody Sims
  • logistics
  • Lexington, KY
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Mortgage companies amortization practices

Jody Sims
  • logistics
  • Lexington, KY
Posted Aug 30 2015, 20:56

I doubt anyone has questioned this in the forum before. I couldn't find the answer, so I'll pose it here.

How did society allow mortgage companies to evolve a strategy whereby mortgages all have front-loaded interest payments? Wouldn't having a balanced approach allow the loan to cost considerably less over the life of the loan, and possibly shorten the life of the loan as well?

I'm not saying I don't understand that that's just the way it is. I do. That doesn't mean I have to like it or wouldn't like to see how it's always been done changed.

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