When it comes to a home mortgage loan, you can actually pay off the loan much more quickly and save a great deal of money by simply paying a little extra each month.
If you take out a 0 year loan for $0.00 with a 0.000% interest rate, for example, your monthly payment (interest and principal only) will be $0.00. By the time the 0 year time period is complete, you will have paid $0.00 for your home.
If you pay just $0 more each month, you will pay only $0.00 toward your home. This is a savings of $0.00. In addition, you will get the loan paid off 0 Years 0 Months sooner than if you paid only your regular monthly payment.