Hi! my friend, i would like to share some stategies on how you can cut down your houseing loan payments to five years or less. for those always puzzling or suffering paying house loan for 20-30 tenure years. it may helps you !
1. Pay the loan as soon as you get the money
2. Pay a little bit extra every month
3. Pay every fortnighly(instead of monthly)
4. Pay early (before the due date)
5. pay the loan anytime you have extra cash
6. Maintain the same payment even when the interest rate drops
7. Increase the payment amount if you get a pay rise
8. Sell off unused goods and use the money to pay the loan
9. Refinance the loan to another bank offering a lower interest
hope it helps you all! ^______^
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