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.
