Math 1050 Mortgage Project
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Part IV: Reflection
My perspective of the financial aspect of buying, selling, and managing a house has completely changed. It really interested me how even though you can sell a house for more than it was originally worth when you purchased it, you can still lose money. It also shocked me that if you pay more every month, you will ultimately pay substantially less because of the way amortization works. This has been eye opening and I hope I can use this information to my advantage in the future.