How to pay off a home equity loan fast?
Wed, 03/03/2010 - 16:02
I am trying to figure out how to pay off a home equity loan as fast as possible with minimal interest. Basically I what I want to know is by paying bi-monthly,weekly,or monthly is there any difference in the amount of interest I will pay? What is the best way to pay it off?? Thanks
Savings Accounts
there are many ways to pay your home off faster and to save a lot of interest. This depends on how much money you have left over every month and if your equity loan is maxed out.
Savings Accounts
Always pay extra each
Always pay extra each payment. Even if it is just 25 dollars, pay extra. It will apply to the princple and you do not pay interest on that.
pay your home faster
there are many ways to pay your home off faster and to save a lot of interest. This depends on how much money you have left over every month and if your equity loan is maxed out.