I still don't really get it. What is the purpose of this? Just to pay off faster hence saving on interest payments?
Right now I have my loan on 6.29% fixed for another 3 years and talking with bank to break it. It will cost me $20k but will save about 12k within 3 years. Am I doing it wrong?
Right now I have my loan on 6.29% fixed for another 3 years and talking with bank to break it. It will cost me $20k but will save about 12k within 3 years. Am I doing it wrong?
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