debt accelerator
If you have consolidated high-interest consumer debt, such as credit cards, car loans, or personal loans, into a single consolidation loan, you have most likely gained savings on the amount of interest you will pay. However, you must still tackle the consolidation loan, and it pays to think of ways to pay off this loan as soon as you can, to further minimize interest costs.
Our Accelerated Debt Payoff Calculator is a good way to strategize how to pay off a consolidation loan months or even years ahead of schedule. By boosting the amount of your regular payments on a consolidation loan, you can make a bigger dent in your debt, faster.
The Accelerated Debt Payoff Calculator is easy to use. First, enter your current non-mortgage debts, then calculate a new consolidated loan, then see how you can apply the savings towards paying off the loan faster. A customized report highlights the payment schedule of the consolidation loan, and estimates how much you could save by increasing the payments.
The Accelerated Debt Payoff Calculator is a starting point when planning how best to pay down consolidated debts. An Invis mortgage broker can offer expert advice on how to pay off your consolidated debts as quickly as possible to minimize total interest costs over the life of the loan.
