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Why is paying my HELOC so inconsistent with principal/interest?
Why is paying my HELOC so inconsistent with principal/interest? My minimum monthly payment is like $350 so I'll typically pay double that. I've noticed some months that it eats up $650/$700 in INTEREST - shouldn't it have paid the $350 (interest on that) and then $350 off the principal?? I have a prime example of a time I paid the minimum followed by $2,000 and a good portion of it was still interest and I ...
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