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Because real estate is expensive we borrow to purchase and pay back the loan with interest over many years using the property as collateral. This is a mortgage, and lenders make bank. The majority of what the borrow pays is interest, usually sixty percent or more. Obscene.
My wife and I have recently refinanced to reduce our interest rate. Aside from signing reams of documents the process is painless. I would recommend investigating refinancing at even a 0.5% drop in interest rates from your current mortgage's, especially if you're early in the life of the loan.