Louisville Home Loan – Where Your Payments Go

If you have a Louisville home loan you will be paying interest monthly on the whole balance that is still owed. At the beginning, almost all of the payment goes towards paying off the interest. As the years go by, however, less money is put towards the interest and more gets put towards the principal.

Photo of two cute homes in Clifton Louisville KY
Sometimes the smart choice is buying less home than you can afford and saving money on all those interest payments, which can really add up.
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