What Is Loan Prepayment and Foreclosure? A Complete Guide for Borrowers
Taking a loan is a long-term financial commitment. Whether it’s a home loan, personal loan, car loan, or business loan, borrowers usually plan repayments over several years. However, life doesn’t always follow a fixed schedule. Sometimes income increases, bonuses arrive, investments mature, or financial priorities shift. When this happens, many borrowers consider paying off their … Read more