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tom

Should I pay home loan ahead?

I just refinanced my home . 15 year loan. $192,000 @ 4.45%. I own my own business and pay myself quarterly. how much money will i save if i pay my loan ahead 3 months? Is it a smart move or just pay monthly?


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"Be strong in nature;  Gentle in deed."

Hi Tom.  If you can afford it and you have a reputable lender, then it would be a very smart move.  You have a pretty good interest rate so as long as you can do it, you could have your loan paid off in about ten years.

Best of luck to you.
Posted 2009-07-20T02:43:49Z
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