text: question about a home morgage and interest.? hi, i am thinking about getting my first morgage, and i am confused.  my broker says for the first few years i will be paying mostly just interest, and over the course of the loan interest will reduce and payments toward the actual home will go up.  but what happens if i only live there for 2 or 3 years, then want to sell it?  will i still owe all the rest of the interest that would have accumulated if the loan reached maturity?  if not, but i have paid primarily interest, after 3 years when i sell i will basically only get a very small fraction of what i paid the bank back from the sale?  what is the best way to proceed if you only want to live in the home for 3 years or so, and then sell? yes, your broker is right.  however, if you will pay just an extra 50 bucks a month, you will drastically lower your principal balance, saving literally thousands of dollars over the life of the loan if you keep it more than a couple of years.  another great way to lower your principal is to split your monthly mortgage payment into 4 weekly payments, this will attack your principal balance quickly.  you will want to make sure your lender will accept this type of payment (although they sure won't like it, due to loss of interest on their part).  it is up to you what type of loan you get.  ask questions to prospective lenders.  you shouldn't have to pay interest that hasn't accrued (what you would pay if you went through the entire life of the loan). if that is what they are proposing...look into other lenders..this is not standard practice.    homes will normally gain value over time, if kept well.  you may not come out ahead a lot over just a few years, but you should have some equity (value) built up.  good luck....ask questions...no question is dumb.