I can't understand how the banks and mortgage companies have been getting away with it. I pay FAR MORE interest every year on our home than I pay taxes. I'd rather pay more taxes and LESS interest on my loan!
Instead of accruing 6% every year, how about 4% every two years?? Something has to change. It's absolutely criminal how much money the banks make on our loans. I'd love to see more not-for-profit banks, or national banks. Let's have some sensible reform. It's nearly impossible in today's economy to pay off a home loan. That's got to change.