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A comment on Ask HN: What's the most valuable thing you can learn in an hour?. Parent comment

Re:Ask HN: What's the most valuable thing you can learn in a... by imtringued on Wednesday November 20, 2019 @08:01AM (#21583498)
I don't understand this. You have negotiated to pay a fixed payment per month so why does it matter whether the money is paying off interest or the principal first? The bank didn't force you to get the loan.
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Re:Ask HN: What's the most valuable thing you can learn in a... by lr4444lr on Wednesday November 20, 2019 @08:19AM (#21583621)
It matters to the bank. Also, the interest can be written off against income taxes, which helps people more in practical money left over to use when they are earlier in the amortization, and probably their career.
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Re:Ask HN: What's the most valuable thing you can learn in a... by majortennis on Wednesday November 20, 2019 @08:20AM (#21583630)
Bank didn't force me. Society has made it virtually impossible for me to own a property without one. Which seems unfair when a lot of people got their property 35 years before I was born for the equivelant of 2 years salary.
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Re:Ask HN: What's the most valuable thing you can learn in a... by ubercow13 on Wednesday November 20, 2019 @09:52AM (#21584375)
That’s clearly a completely separate issue to how mortgage rates are presented
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