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re: Home Equity question
Posted on 8/2/13 at 12:59 pm to Lsut81
Posted on 8/2/13 at 12:59 pm to Lsut81
quote:
Your payments do not change as your principal is paid down
Right, the payments don't change but (from my understanding) the amount toward principal increases the closer you get to paying off your loan. Thus with each payment more is going toward principal and less to interest.
ETA: Sorry posted this before I read through the rest of the thread. Glad I was right in this instance.
This post was edited on 8/2/13 at 1:04 pm
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