Two mortgages and a HELOC We were stupid. We took out a HELOC to put a down payment on a new house because no one was accepting a contingency to sell. We put our house on the market and thought it would sell quickly because it is a good house in a great neighborhood. After selling we would pay off the HELOC and other debt, so we thought we were making a great decision. I…

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…