We usually use the prices we spend on our figuratively speaking, credit card stability, car loans, and mortgages at face value—the price you’ve got once you took out of the loan is really what you spend there after, right?
Not at all times. If interest levels have been down or your credit has enhanced it’s possible you can refinance or take advantage of other promotions to decrease what you’re spending on interest since you took out the loan.
And whom does not desire to spend less? Here’s what things to think about as you look for a far better deal. (more…)