[mhb]

> Even the amortization schedule is weighted to benefit the banks.

Can you explain this or say what the alternative amortization schedule might be? In a normal mortgage, the initial payments are more interest because you're paying interest on more principal.

[chimi]

You got it already! Imagine if most of that first payment went to the buyer's equity instead of interest.

[DuskStar]

Then the first payment would have to be much larger, because the amount going to interest is determined solely by the interest rate and principal.

[nradov]

You're always free to make additional equity payments. Modern mortgages don't have prepayment penalties.