"Principal Only Payment"
As the name suggests, a principal only payment is a payment made towards the principal of a loan. This type of payment can be made in addition to the regular monthly payments or as a one-time payment. Principal only payments can be used to pay off loans faster and save on interest costs.
Making principal only payments is a great way to save money on interest and pay off your loan faster. If you have extra money available, consider making a principal only payment each month. Even an extra $50 per month can make a big difference over the life of the loan. Remember, the sooner you pay off the loan, the less interest you will pay in the long run.
The Law Offices of Omar Zambrano has helped more then thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706
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