Some prefer to make
small down payments instead.
Not exact matches
Simple but effective ways to whittle
down your mortgage more quickly are to opt for biweekly
payments instead of monthly, or to use «found money,» like a
small inheritance or work bonus, and put it directly toward the principal.
Instead of tumbling headfirst
down the stairs and breaking their arm, if the child had simply twisted their ankle on the toy, medical
payments to others coverage would take care of the
small medical bill without having to determine fault or negligence.
It may allow you to buy a house with a much
smaller down payment, as low as three to five percent of the price of the house
instead of the more common 20 percent, making buying a house a sooner possibility for some.
Your interest rates come
down, your monthly
payment gets
smaller, and more of your money goes toward the principal of your debt
instead of interest
payments.