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> Paying House Loan on Daily Basis Financial

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gugukrez
post Jun 11 2018, 02:15 PM

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QUOTE(rookiez @ Jun 11 2018, 02:03 PM)
In this perspective, let say my monthly mortgage payment is RM3000, and if I decide to pay RM 100 per day. Will I be able to save on interest or it will be the same by paying RM 3000 before the due date. I believe I can save the interest right? Of course if I have extra $$ I can dump it in and this will be the redrawable amount.

Anyone has the amortization spreadsheet for daily basis interest calculation? That will be extremely helpful.

Thanks.
*
For weekly mortgage payment.. yes it reduce interest and years.. but for daily.. need to consult mortgage consultant.. either there is this function or not..

but make sure there is no late payment.. As there is a time i set weekly.. My account insufficeint fund for 2 week.. thus is 2 time late payment.. in ccris/ctos will show two demerit instead of 1 demerit of the month..

 

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