SleepyWaffle
SleepyWaffle
2mo

Need suggestions/guidance to close out home loan ealry

I’ve taken a home loan this June for 66L @ 7.95% for 12 years. Requesting suggestions to pay off the loan early. TIA

2mo ago
SquishyMochi
SquishyMochi

Unless you can pay it off in initial 2-3 years, No point closing it more than 5-6 year timeline, amortization will only pay your interest for all those years initially

SleepyBurrito
SleepyBurrito

Save more Earn more Prepay more No personal luxuries/unnecessary upgrades

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