Hey all. This is a question I’ve thought about for a long time and I’m not sure who could help answer it. With amortization, the majority of the first 5-10 years goes towards interest. When a homeowner refinances at lets say, 3 years or so, the original loan holder makes a huge profit when the loan is rebalanced or sold to another lender. A homebuyer truly doesn’t see the true rate unless they pay off the loan early or pay all the way through the term. Is there any information on what the average bank actually makes on average taking into account all refinancing? I understand why banks amortize loans as protection and am not advocating for a change, but I have to think the average profit is fairly high in the home lending business. If anyone has any info, I would appreciate it and if I’m missing something, please let me know.