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I have a question about Mortgages
I have a question about Mortgages So I was looking into a mortgage. I used a calculator on a mortgage website for a 60,000 loan for 30 years at 7% interest with 0 down. I noticed while the payment was under $300 a month by the time I had paid that money back the amount of money I will have paid had doubled from $60,000 to near $120,000. Here's my question how does a $60,000 loan...
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