Sunday, October 12, 2014

How much is too much to be paying in interest on a mortgage?

If someone buys a $100,000 house and pays an extra $120,000 in interest that just seems insane to me. That's 120% in interest! What overall percent interet compared to total mortgage should someone be paying? 120% seems like way too much.

Read more: How much is too much to be paying in interest on a mortgage?