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Reply to "First world problem alert, advice on large loan from family "
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[quote=Anonymous][quote=Anonymous]Can you pre-pay the loan?[/quote] Yeah, what’s the answer to this question, OP? If you can prepay it and the interest rates are the same there’s no downside to taking the 40 year option to lock in that $7,750 payment instead of $9,000. You can always choose to pay more and pay it off early. [/quote]
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