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Updated over 15 years ago on . Most recent reply

Tony Thompson's profile image
Tony Thompson's profile image
Tony Thompson
  • Real Estate Investor
  • from Kansas CIty, Missouri
  • Member since May 14, 2009
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User Stats

93
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8
Votes
Tony Thompson's profile image
Tony Thompson's profile image
Tony Thompson
  • Real Estate Investor
  • from Kansas CIty, Missouri
  • Member since May 14, 2009
Connect
Tony Thompson
  • Real Estate Investor
  • Kansas CIty, MO
8
Votes |
93
Posts
General Real Estate Investing

Simple/General Loan Question

Tony Thompson
  • Real Estate Investor
  • Kansas CIty, MO
Posted

Perhaps a no brainer of a question, let me explain...

Lets say I have a loan. Halfway through paying off the loan I somehow acquire a lump of cash that can pay the rest of the loan off.

Am I able to pay just the principle of the loan and not pay interest since I am paying it all off at once? Or do you have to stay committed to paying the interest no matter what? I imagine depending on the loan it will specify this in the terms.

Thanky

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