Typically, during the first few years of paying your mortgage, most of your payment goes toward __ and not very much goes toward paying down the __ 1) interest, principal 2) principal, interest 3) closing costs, interest 4) property taxes principal

The correct answer is:<br /><br />1) interest, principal<br /><br />Typically, during the first few years of paying your mortgage, most of your payment goes toward interest, and not very much goes toward paying down the principal. This is due to the way amortization schedules are structured, where interest payments are front-loaded.