Is it possible to refinance/pawn a fully paid property for shorter mortgage periods? say 5-10 years only?
Refinancing your property for cash, and credit consolidation
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 Oct 18 2017, 03:32 PM
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Oct 19 2017, 02:00 PM
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QUOTE(lifebalance @ Oct 18 2017, 03:47 PM) you will incur more interest if you just pay up based on the monthly installment amount only over the whole loan tenure Can you give some examples of how that works? comparing a 10 year loan paid in monlthly instalment as per devised by bank VS a 30 year loan but make advance payments to settle it in 10 years? Which way we are going to pay less interest?With flexible nowadays, you are in control of how much you can choose to pay and make advance payment to reduce the principle amount.  |
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