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Prioritize High-Interest Debt: If you're consolidating debt, concentrate on paying off the highest interest debt first.
Consider Extra Payments: Making extra funds can scale back your principal balance faster, saving you interest over t
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n Ignoring Additional Costs: Don’t forget to account for additional charges corresponding to mortgage origination fees or prepayment penalties.
Using Incorrect Data: Ensure the information you input is accurate to get a dependable end result.
Relying Solely on the Calculator: While useful, at all times seek the guidance of a financial advisor for an entire understanding of your financial commitme
Conclusion
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