Wow yourself.
"Front-loading means you're paying more interest in the early years of a loan. It works due to simple math: since interest is calculated on the outstanding balance, the interest charge will be high until you pay down the principal."
How Does a Front-Loaded Mortgage Work? - Budgeting Money
Quote:
Originally Posted by dewilson58
That's not front loading..................that is paying the appropriate amount of interest on the current outstanding balance. Wow!!
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