Why don’t mortgage payments decrease each month to reflect the lower balance on the principal? 1.04K viewsJanuary 3, 2024 Question90.78K June 8, 2019 0 Comments Why don’t mortgage payments decrease each month to reflect the lower balance on the principal? In: Economics 5 Answers ActiveNewestOldest Anonymous Posted June 8, 2019 0 Comments Because you are not paying down any principle until the last half or less of you making payments. Mortgages are designed with a fixed interest rate and a set age limit and thus they calculate all interest first and you pay that off first. You are viewing 1 out of 5 answers, click here to view all answers. Register or Login
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