Which lender you choose does make a difference, as lenders offer loan discounts that can save you hundreds or thousands
of dollars of interest over the lifetime of the loans.
Especially if the interest rate on your debt is high, getting rid of your loans as fast as possible will help you avoid paying
thousands of dollars of interest.
Within six months, we transferred much of our high - interest - rate debt to a lower interest - rate credit card, saving us
hundreds of dollars of interest every month.
What you're doing is saving yourself tens of
thousands of dollars of interest, and then you keep making a mortgage payment to yourself, in stocks and bonds and mutual funds, things that are growing for you, instead of just paying the bank interest all the time.
And in California, probably hundreds of thousands
of dollars of interest they don't need to be paying.
You save thousands
of dollars of interest, and also have the option to speed up your payments and get rid of the debt at a faster pace!