MOSCOW, April 23. Many people strive to use every opportunity to pay off a mortgage or other loan ahead of schedule, but this is not always the right decision, Inna Soldatenkova, head of expert analytics at Banki.ru, said in an interview with the Prime agency.
According to her, it is better to accumulate a safety net in advance , because it is unknown what will happen to your ability to pay throughout the life of the loan. If problems arise, the bank's penalties will cancel your entire overpayment.
It is much wiser to accumulate a “cushion” of three start making monthly payments and then start making early payments payments, she believes.
This is also true for ordinary consumer loans — in some cases it is more profitable to pay at the old rates, and put the resulting money in the bank at the high interest rate currently offered.