In this case, you may be better off financially to

In this case, you may be better off financially to

admin November 24, 2015

This method is extremely effective if you also have another debt where you are paying a higher interest rate, eg personal loan, credit card, or car loan. In this case, you may be better off financially to pay off the other loan with the money you are saving on your home loan. For example: Lets assume you have just taken out a car loan for $20,000.00 over 5 years and are paying around $430 per month.

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