What is the French amortization system for mortgages and how does it work

There are many variations of this sentence I hear when talking with people about getting a mortage: At first you&rsquo;re paying mostly interest but over time you pay less interest and more goes to the house. But I never really stopped to understand what does it mean exactly. Enter the French Loan Amortization System. What is this? When you get a mortage loan (or any loan) with a fixed interest…