10:13 20 June 2013
The G8 summit was expected to cover, as of time of writing, some serious issues and regulations involving tax collection, avoidance, and evasion.
Similarly to these countries meeting to revise existing laws, we should all take stock of our finances, such as loans and other debts, every once in a while to see if positive changes can be created.
Once you’ve paid a certain amount on your mortgage loan, you might have some equity built up, and refinancing could give you a smaller monthly payment, better interest rate, reduced loan term, or even finances to help with renovation projects.
It could also reduce your monthly expense, or the term length. Sending in extra for your payment could go a long way, especially if you can get the bank to credit the extra directly to the principle rather than the interest.
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