Topic: Timeshare – Will refinancing loan to lower rate save money? – Akron Beacon Journal
Will refinancing loan to lower rate save money? I plan on staying here and paying off the loan so it seems even if I save some money on a lower interest rate I will be extending my loan and paying more/longer. Second, if you can afford it, try to make extra payments each month, and specifically advise the lender (when you send in your check) of the amount of these extra payments. If, for example, you make one additional monthly payment every year, you will reduce your 30-year loan down to approximately 22 years. read more
[Tags]loan, rate, timeshares, lower, monthly, payments, timeshare[/Tags]