Imagine being free from debt faster than you thought possible. Paying off a loan – whether it’s for your car, your house, or something else – ahead of schedule can save you a boatload of money on interest while shrinking the amount of time you’re making payments.
This article explores the advantages of calculating early payoff strategies for various types of loans, and we’ll show you how to use available calculators to make it happen. We’ll cover mortgages, auto loans, and even personal loans to see how you can benefit from paying them off early.