You're already paying interest to the lender, so being hit with an application fee or closing fee just makes your loan that much more expensive. (investmentzen.com)
However, it is important to bear in mind that by increasing your loan tenure, you actually end up paying a higher amount of interest to the lender. (housing.com)
«We learned the hard way to pay off our credit card in full each month to keep from paying hundreds of dollars in interest to the lenders,» he says. (wisebread.com)