QUOTE(Hou_JaI @ May 19 2014, 08:47 AM)
guys, i notice that there is a feature called fortnightly payments,
and according to the following website,
http://www.mortgagechoice.com.au/home-loan...calculator.aspx
with this payment method, the loan period and the loan amount is reduced quite significantly
e.g. if loan amount is rm 550000, using the fortnightly payment method, time save is 5 years and 6 months, and on top of that the interest rate saved by ~100k. since everymonth, we are paying the same amount, this seems to be a better choice.
Kindly please advice on this. are there any other catch to notice with this kind of repayment?
terima kasih banyak banyak
Wow this is interesting but is this true?and according to the following website,
http://www.mortgagechoice.com.au/home-loan...calculator.aspx
with this payment method, the loan period and the loan amount is reduced quite significantly
e.g. if loan amount is rm 550000, using the fortnightly payment method, time save is 5 years and 6 months, and on top of that the interest rate saved by ~100k. since everymonth, we are paying the same amount, this seems to be a better choice.
Kindly please advice on this. are there any other catch to notice with this kind of repayment?
terima kasih banyak banyak
how does this make sense since the repayment is same?
May 19 2014, 08:58 AM

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