During the early years of repaying mortgage loans, most of the monthly payment is applied to

Name: During the early years of repaying mortgage loans, most of the monthly payment is applied to
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

During the early years of repaying mortgage loans, most of the monthly payment is applied to interest. This is due to the way amortization schedules work, where earlier payments are heavily weighted towards interest rather than principal reduction.

During the Early Years of Repaying Mortgage Loans, Most of the Monthly