Low Rate Could Give Your Home Loan A Boost
Tuesday February 3, 2009
With rates so low, if you pay more to your home loan lender than usual, you could get months ahead on your loan before rates rise again. Rather than spending your free money on other things, just keep investing these savings back into your home loan. This can also help to reduce the interest you will pay when interest rates return to higher levels, so it may be to your benefit to continue paying your home loan lender at a high rate.
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