Forum Discussion

ugh's avatar
ugh
Explorer
Apr 19, 2015

What % of income for monthly payment consider okay

We want to go camping again. Since the accident, we are now ready to go shopping again, but this time we are thinking about Class A instead of TT. That means it will have larger payment and longer ter...
2012Coleman's avatar
2012Coleman
Explorer II
Apr 20, 2015
My advice is always make sue your loan does not have prepayment penalties and then pay more that the monthly amount. That way you pay it off sooner and pay less interest. If any of you cash-only advocates wants to get rid of your excess capital, I'm sure the OP can put it to good use.

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