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Can You Pay Mortgage Annually?

January 24, 2024 by Ahmed Ali

Can You Pay Mortgage Annually? Compared to biweekly payments, you’ll pay more interest over the life of your home loan. This is true regardless of whether your mortgage rate is low, fixed or adjustable. While making 12 payments per year may be simpler, you may pay more for your house than you have to. Can

Do Auto Loans Have Prepayment Penalties?

January 24, 2024 by Maria Kunar

Do Auto Loans Have Prepayment Penalties? Do auto loans have prepayment penalties? Lenders are prohibited by law from charging a prepayment penalty for an auto loan of 61 months or longer. As for personal loans, some lenders charge prepayment penalties, but many do not. Is there a penalty for paying off an auto loan early?