Question

Which of these statements is most accurate regarding mortgage payments through the life of your loan?

a. at the beginning of your loan, your payments are covering mostly interest. at the end of your loan, your payments are covering mostly principal.
b. the amount for your mortgage payments will decline over the life of your loan.
c. the amount of interest paid per mortgage payment will remain the same over the life of your loan.
d. the amount of prin?

Answer 1

(a). At the beginning of your loan, your payments are covering mostly interest. At the end of your loan, your payments are covering mostly principal.

Answer 2

The correct answer is A.