Why do amortized mortgage loans have such high interest payments and such low principle paydown ?
Friday, November 7th, 2008raclawski04@ameritech.net asked:
Why do amortized mortgage loans have such high interest payment during the first few years? The seller is offering seller financing. Can I offer “straight line ” loan where say the principle and interest is 50/50?
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Why do amortized mortgage loans have such high interest payment during the first few years? The seller is offering seller financing. Can I offer “straight line ” loan where say the principle and interest is 50/50?
Caffeinated Content
