You may find that adding five years worth of payments to the back end of the loan doesn't justify the savings on the monthly payment. (freefrombroke.com)
But for banks, the loans they make to customers are actually assets because they're on the receiving end of the loan payments. (sovereignman.com)
Be sure to watch out for any loan that has a balloon payment, which is where you would have a fixed payment until the very end of the loan. (yourrichestlifeplanning.com)