Assertion: mortgage's payment | /r/HasProperty | applied interest
Facets:
value: in traditional mortgages
type: LOCATION
value: to the loan principal
type: TRANSITIVE-OBJECT
value: on a smaller amount
type: TRANSITIVE-OBJECT
Source sentences:
text: If that extra payment is applied to the loan principal, your lender charges interest on a smaller amount than it would have on a mortgage paid off monthly.
text: The payments in the first years are applied more to interest than principal, while the payments in the final years reverse that scenario.﻿﻿
text: In traditional mortgages, payments are applied to both interest and principal.