RV loans
I saw on another forum where RVers are making principle pyment on loans & the banks are just adjusting it as another payment & taking out interest on a principle payment. I thought it was just our ban...
Forum Discussion
Banks are not charging you interest in advance if they apply the extra money as future prepaid payments. If you have made future prepaid payments and went to pay off your loan then the future payments would change to principal only. In other words you would pay interest up to and including the payoff day.
Robin1953's post correctly describes exactly how to make principal only loan payments.
Robin1953's post correctly describes exactly how to make principal only loan payments.
