New answers tagged interest
1
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Can buying mortgage points reduce a rate below the applicable federal rate?
Buying points is essentially prepaying the rate. You can only prepay as much as the bank is willing to let you, usually not a lot compared to the full-priced rate. So while theoretically both things ...
- 166k
3
votes
Accepted
Should I pay the current balance or the remaining statement balance to avoid paying interest on my US credit card?
To avoid interest, you must have payments that total up to at least the prior statement balance prior to the due date (with possibly some grace period of a few days). The rest of your "current ...
- 130k
1
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How to calculate how much more paying off a loan with extra principal payments saves vs extra payments?
they were just treating it like extra pre-payments that applied toward
principal and interest.
You will need to get a list of the payments and balances from the company handling the loan. You need to ...
- 136k
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