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Help me understand my mortgage
Help me understand my mortgage I purchased my home in April 2020, purchase price was $150,000 and we put $4,500 down. Our loan was for the remaining $145,500 at 3.25% Our current balance is $193,139.98 and the interest rate shown in our banking app is at 13.25% Does that sound right? It seems way too high of a balance owed only 3 years later if we are supposed to be at 3.25%....
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