If you’re one of the millions of Americans making mortgage payments every month you probably dread having to write out that big check every time the next one comes due.
And if you’re a typical borrower with a thirty year mortgage, you probably know you’ll be writing out a grand total of 360 of those large checks.
What’s more, you probably know you’ll likely end up paying about as much in interest over the course of the loan as you borrowed in the first place!
If you’re unsure what I mean, here’s an example courtesy of Bankrate.com: