It’s your responsibility to pay your loans on time. Failure to do so will have drastic consequences. It stands to reason that lenders would want you to pay back your refinance car loan Hamilton Ontario as quickly as you can, right? Wrong. Many lenders prefer borrowers to stick to the payment schedule. However, there are those that accept early payouts. Here’s why you should close your loan as quickly as you can: The Argument for Early Payouts You can save a lot of money if you pay off your loan as quickly as you can. Every loan comes with an interest. This is computed as a percentage of the amount you borrowed and is the basis of the lender’s revenue. […]