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finance
Asked by: silentgirl
from BAINBRIDGE, GA
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why does it only take 5 years to pay off a $50,000.00 vehicle loan but 30 years to pay off a $100,000 house loan
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This all depends upon the amount of your initial loan, the down payment, and the APR (annual percentage rate).
Your mortgage probably includes your taxes, homeowners insurance, and possibly other escrow items.
Loans for a longer period of time dont pay much into the principal in the ...
Your mortgage probably includes your taxes, homeowners insurance, and possibly other escrow items.
Loans for a longer period of time dont pay much into the principal in the ...
Answer Date: 07:40pm 12/05/07
