Because loans with shorter terms generally have lower interest rates, borrowers who chose loans with shorter repayment terms saw the greatest interest rate reduction. (credible.com)
Typically, you can expect lower interest rates if you own your home, have few credit inquiries, and choose shorter repayment terms. (supermoney.com)
As an added bonus, shorter repayment terms in the private loan market often have lower interest rates, compounding your savings. (risla.com)