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re: Going to refi, which term loan?

Posted on 7/10/13 at 8:12 am to
Posted by XanderCrews
Member since Mar 2009
774 posts
Posted on 7/10/13 at 8:12 am to
(no message)
This post was edited on 12/21/21 at 9:42 am
Posted by TMFS
Member since Sep 2004
260 posts
Posted on 7/10/13 at 8:44 am to
quote:

You can always pay what you would have been paying on the 15 to the 30 and get the principle down faster.


He definitely said that there was no pre payment penalty. This may be a dumb question, but say you made 2 payments a month, does the extra payment go straight to principle?
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