Should I make principal-only payments?

Sourced from https://www.thesimpledollar.com/loans/personal/are-principal-only-payments-good/

Let’s cut to the chase: making extra payments each month on a personal loan can dramatically lower the amount of interest you pay over time. The main reason for this is because interest is based on principal — a lower principal amount means less interest, and you save money. For this reason, principal-only payments should […]

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