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RE: Caught Red-Housed

in LeoFinancelast year (edited)

Bide your time a bit longer if you can, because after things break, the reset will happen and those who held through will have options. I think.

I can't do the math in my head, but if in the course of a year, one extra payment amount can be made straight onto the principle, it makes quite a difference to the end of the loan time.

1000 payment (interest+principle) x 12 + 1000 off principle extra

On a 25 year loan, it is something like 4 years shorter after all the compound interest savings?