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> Paying House Loan on Daily Basis Financial

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MeToo
post Jun 11 2018, 01:07 PM

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QUOTE(taitianhin @ Jun 11 2018, 01:04 PM)
If the innterest is daily calculated, then yes, paying the same amount by daily is better than pay by monthly.
If pay by daily, the capital get changed on daily basis. Hence cheaper interest.

Having say that, most ppl will throw in installment payment whenever receive Paycheck. Instantly. And the Capital will be reduce immediately, by breaking this payment into daily payment will not benefit you.

Unless you have dailly paycheck, you may trigger daily payment
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COrrect.

if its a flexible mortgage, jst dump extra $$ into reducing the principal, that works better then those daily payemnt..

 

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