If you’re like most house owners out there, your home is probably being propped up by a hefty mortgage. Banks are clever people and they have built a system where additional payments every month will not help to reduce your loan and interest payments. So, what’s the best way to reduce your mortgage and interest [...]

Home loans and mortgages are never easy to understand. Even the monthly statements provided are terribly complicated, however, you should always take some time to understand and analyse your monthly statements to know how your loan is being managed by the bank. Read on to understand more about advanced payments and why they do not [...]

In yet another move to help the public, the Government has called upon the Association of Banks to cut installment payments for their mortgage owners.
With the reduction, the association said all commercial banks had agreed to cut loan repayment amounts across the board and maintain the original repayment period. However, it said borrowers also had the option [...]

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Should you pay off your mortgage loans or invest your money for your retirement? This is a question many often grapple with. Strict financial prudence advises that you should not carry any debt and your personal balance sheet should have minimal liabilities. However, no debt is not necessarily the best situation as you may [...]