Ask the Dolans: Is my bank calculating my mortgage correctly?

By Ken and Daria Dolan Posted 1:00PM 10/30/09 The Dolans, Real Estate, Video, Banking

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Ken and Daria Dolan, America's first family of personal finance, answer your questions every Friday.

Click here to ask Ken and Daria your question.

Can you please help me understand how my bank calculates my mortgage interest and principal? Even when I pre-pay my mortgage, they seem to put most of it toward interest.

--Penny

For more answers to your debt management questions, visit Dolans.com

Tagged: ken and daria dolan, KenAndDariaDolan, mortgage, mortgage payments, MortgagePayments

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Ask the Dolans: Is my bank calculating my mortgage correctly?

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