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Home loans
It depends on the specifics of your loan contract. Most of the time, your payment is fixed, and paying off a lump sum of the principle will mean that more of the future fixed payments are applied to principal and less to interest.
If you want a lower payment, you will need to refinance the loan, using the funds you have as additional downpayment.
‎August 30, 2022
1:31 PM
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