Near-north Ontario, French River | Coup, you've got me confused. Maybe loans are written differently in the US. "Here' in your example loan 1 with 19years to maturity, I&P would be $40k per year, loan 2 with 10 years to maturity would also have I&P at $40k per year. The difference being the Loan 2 would have a much larger bias towards principle in the payment. Maybe I'm misinterpreting your example or maybe loans are different in the US? |
How do you pay back your debt?
