eight. Ways to use your residence equity mortgage intelligently and steer clear of financial obligation traps?

eight. Ways to use your residence equity mortgage intelligently and steer clear of financial obligation traps? For example, let`s say you have a mortgage having a left tenure of 15 years and an excellent dominating of $150,000. If you make a lump sum prepayment regarding $20,000, new outstanding prominent decreases so you’re able to $130,000.…