Feelings About Long-Term Debt. In the early years of the standard 30-year mortgage loan, as little as
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Feelings About Long-Term Debt. In the early years of the standard 30-year mortgage loan, as little as 10 percent of the monthly payment actually goes toward repaying the debt. As a result, it takes many, many years for the loan balance to come down to any significant extent.
Explain how that affects your feelings about taking on such a long-term obligation.
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Personal Finance Tax Update
ISBN: 9780357438947,9780357438930
13th Edition
Authors: E. Thomas Garman , Raymond Forgue
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