Tackle your loan head-on by paying a combination of principal and interest each repayment.
When you take out a principal and interest loan, your obligation is to pay – drumroll please – principal and interest.
That means that with each repayment, you are gradually reducing the principal. And as the principal gets smaller, then the interest is being charged on a smaller amount.
This is a surefire way to pay down your debt and build equity in your asset.
Find out more about the right loan structure to suit your requirements. Talk to your Ink Wealth Advisor today.