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Results tagged with interest
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user 24566
for questions that relate to interest. Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets.
1
vote
Can a Line of Credit be re-financed? Is it like a mortgage, with a term?
Most HELOCs allow for an interest-only payment or in some cases no-payment at all if you still have unused available credit. Not advising that you do this. … The key will be getting the term such that you can manage both the principal and interest that will be included in the payment. …
- 615
4
votes
Accepted
Should I put a small amount of savings in a high interest savings account?
All aspects of the savings accounts being equal other than the one having a drastically better interest rate, go with the higher interest rate. … As to "earning more" before you deposit, you will earn more by making the higher interest rate deposit. …
- 615