TenDogsInATrenchcoat OP t1_jeab96l wrote on March 30, 2023 at 3:49 PM Reply to comment by DireFog in Is it normal to pay an extra 66% of a home loan back to your bank? by TenDogsInATrenchcoat Based on the comments I have decided to flip both middle fingers to this bank and look elsewhere. Thank you all for your help! Permalink Parent 7
TenDogsInATrenchcoat OP t1_jea1gjq wrote on March 30, 2023 at 2:40 PM Reply to comment by Dif3r in Is it normal to pay an extra 66% of a home loan back to your bank? by TenDogsInATrenchcoat Thanks for the super detailed comment. I'm lucky enough to be in a position where I can pay off a loan early, but from what I gathered, the bank in question will still charge you 38 years of interest, even if you pay it all back in say 20 years. Permalink Parent 3
TenDogsInATrenchcoat OP t1_jea0qow wrote on March 30, 2023 at 2:35 PM Reply to comment by Stebanoid in Is it normal to pay an extra 66% of a home loan back to your bank? by TenDogsInATrenchcoat They don't, that's why I was a bit confused. If you decide to pay back early, you still have to pay 38 years worth of interest. Permalink Parent 2
Is it normal to pay an extra 66% of a home loan back to your bank? Submitted by TenDogsInATrenchcoat t3_126nqo7 on March 30, 2023 at 1:51 PM in personalfinance 69 comments 0
TenDogsInATrenchcoat OP t1_jeab96l wrote
Reply to comment by DireFog in Is it normal to pay an extra 66% of a home loan back to your bank? by TenDogsInATrenchcoat
Based on the comments I have decided to flip both middle fingers to this bank and look elsewhere. Thank you all for your help!