Manual article review is required for this article
Manual article review is required for this article
Manual article review is required for this article
“If a borrower pays the exact sum due each month with the lifetime of the loan, the Rule of 78 will have no effect on the overall curiosity paid,” says Andy Boring, vice chairman of credit underwriting for Independence Financial Asset Management, a personal debt reduction business.Appraisal: Appraisals are generally lender-mandated, so without