Sebastiano
Sun Sep 08 2024
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7 answers
1999
Can you pay more on a fixed monthly payment?
Excuse me, I was wondering if it's possible to make a higher monthly payment on a fixed-rate loan? I understand that the interest rate and the total amount owed remain the same, but I'm curious if there's any benefit to paying more than the minimum required each month. Would it help me pay off the loan faster, or are there any other advantages to consider? I'd appreciate any insights you can provide on this matter.
GinsengBoostPowerBoostVitality
Fri Sep 06 2024
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5 answers
1302
What is a fixed monthly payment?
Could you please elaborate on the concept of a fixed monthly payment? Is it a type of financial obligation that remains constant each month, regardless of other factors? How does it differ from a variable payment, and what are some examples of financial products that involve fixed monthly payments? Additionally, are there any benefits or drawbacks associated with this type of payment arrangement?
