Each time a company makes a payment on a mortgage the amount of the payment that reduces the principal increases.

Name: Each time a company makes a payment on a mortgage the amount of the payment that reduces the principal increases.
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Quizplus · Accepted Answer

This is due to the amortization schedule, where the interest portion of the payment decreases as the loan balance decreases, resulting in a larger portion of the payment being applied to the principal.

Each Time a Company Makes a Payment on a Mortgage