To: Lurker
I would imagine this is why it’s so hard to pay off stuff because everything is frontloaded with loan shark interest rates.
62 posted on
08/27/2010 11:31:04 AM PDT by
freekitty
(Give me back my conservative vote; then find me a real conservative to vote for)
To: freekitty
because everything is frontloaded with loan shark interest rates. If you consider 4-3/4% loan shark rates I suppose so. Of course you could always do the Mortgage Ladder technique and end up paying off your loan in half the time and save literally tens of thousands on interest.
64 posted on
08/27/2010 12:21:03 PM PDT by
Lurker
(The avalanche has begun. The pebbles no longer have a vote.)
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