Say I take a loan or a mortgage of 100k $ with a 2% interest rate for X period. Does that mean that by the end of X period, I have to repay 102k?
Cause I have read that the interest on a mortgage may be two thirds or a half of the principal (the amount you've borrowed). So naturally I am confused.
Submitted August 05, 2021 at 08:23AM by BigBootyBear https://ift.tt/3xtYEkK
