Worth looking at. Her payments will go up as her income does but they don't try to go back and catch up on the earlier small payments. That get's added on to the end of the loan. Make every payment in full. If she misses one or doesn't pay in full the deal is off and she will owe everything. If her first year or so of payments are small she could easily save $10,000 or more at the end.
03-16-2016, 05:26 PM
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