PAYING BACK A MORTGAGE
YOU PAY BACK A MORTGAGE YOUR LOAN BY MAKING A PAYMENT EVERY MONTH
BANK DOESNOT SEND YOU A BILL ITS YOUR RESPONSIBILTY TO MAKE THE PAYMENTS EVERY MONTHTHEY GIVE YOU A LITTLE COUPON BOOKONE SLIPP FOR EACH MONTH SO YOU CAN INCLUDE THE SLIP WHEN YOU SEND A CHECK .THESE DAYS MOST OF BANK ALSO LET YOU PAY ONLINEI STRONGLY URGE TO SET UP AN AUTOMATIC MONTHLY DRAW FROM YOUR ACCOUNT SO YOU NEVER MISS A PAYMENT
PART OF THE PAYMENTGOES TOTHE BANK LOANED YOU THE AMOUNTAND PART OF IT AS INTEREST
FIGURE THAT IF YOU HAVE LOAN OF 100000 $AT 8 PERCENT INTEREST YOU WILL PAY TO BANK 108000
1COMPARING LOAN OFFERS FROM TWO DIFFERENT BANKS JUST DIFFERENCE OF 1 PERCENT MEANS A BIG DIFFERENCE YOUWILL PAY