#auto loan calculator

[heritagefinancialcreditunion]

Use the Auto Loan Refinance Calculator from Heritage FCU to see if refinancing is right for you. Quickly compare your current auto loan terms and potential new rates to calculate savings. Whether you want lower monthly payments or reduced interest rates, this tool helps you make informed financial decisions with ease. Find out if refinancing your auto loan can save you money today by using our calculator at Heritage Financial Credit Union.

[moderncalculators]

The Power of Modern Calculators: Tools for Financial, Health, and Planning Needs

In today's fast-paced world, access to accurate and efficient calculators is a necessity for making informed decisions in various aspects of life. Whether you're managing your finances, planning for the future, or tracking your health and fitness goals, modern calculators play a pivotal role. In this article, we will explore a range of online calculators provided by Modern Calculators, each designed to address specific needs and assist you in making well-informed choices.

1. Online Loan Calculators

Online Loan Calculators are invaluable tools for individuals seeking loans. These calculators help you estimate monthly payments, interest rates, and repayment schedules, ensuring that you choose the loan that best fits your financial situation.

2. Debt to Income Ratio Calculator

Managing your debt is crucial for financial stability. The Debt to Income Ratio Calculator allows you to determine your DTI ratio, aiding in better decision-making when it comes to taking on new debts.

3. Depreciation Calculator

For business owners and individuals with assets, the Depreciation Calculator is a valuable tool. It assists in understanding how assets depreciate over time, aiding in financial planning and tax considerations.

4. Discount Calculators

Whether you're a shopper or a business owner, Discount Calculators help you calculate discounts, savings, and final prices, ensuring you get the best deals.

5. Due Date Calculator

Expecting parents can rely on the Due Date Calculator to estimate their baby's due date based on various factors.

6. EER Calculator or Estimated Energy Requirement Calculator

Maintaining a healthy diet is easier with the EER Calculator. It helps you determine your daily calorie needs based on factors like age, gender, and activity level.

7. Future Value Calculator

Planning for retirement or long-term savings? The Future Value Calculator aids in estimating the future value of your investments, allowing you to set achievable financial goals.

8. Healthy Weight Calculator

Achieving and maintaining a healthy weight is essential for overall well-being. The Healthy Weight Calculator helps you determine a healthy weight range for your height.

9. Height to Waist Ratio Calculator

Assessing your health risks is made easier with the Height to Waist Ratio Calculator, which provides insights into your abdominal obesity risk.

10. Debt Consolidation Calculator

Those looking to simplify their debt repayment strategy can turn to the Debt Consolidation Calculator to explore consolidation options.

11. Home Loan Affordability Calculator

Before purchasing a home, use the Home Loan Affordability Calculator to determine what you can afford and avoid overextending your finances.

12. Home Loan Calculator with Down Payment

When buying a home, calculating the down payment is essential. The Home Loan Calculator with Down Payment simplifies this process.

13. Ideal Body Fat Percentage Calculator

Maintaining a healthy body composition is vital. The Ideal Body Fat Percentage Calculator helps you set realistic fitness goals.

14. Ideal Body Weight Calculator

Determine your healthy weight range with the Ideal Body Weight Calculator, making it easier to manage your weight.

15. Ideal Calorie Intake Calculator

Achieving your fitness goals requires a balanced diet. The Ideal Calorie Intake Calculator assists in determining your daily calorie needs.

16. Inflation Calculator

Planning for future expenses is essential. The Inflation Calculator helps you understand the impact of inflation on your finances.

17. Skipping Rope Calories Burned Calculator

Stay fit with the Skipping Rope Calories Burned Calculator, which estimates calories burned during jump rope workouts.

18. LDL Calculator

Monitor your cardiovascular health with the LDL Calculator, helping you understand your low-density lipoprotein levels.

19. Lean Body Mass Calculator

Fitness enthusiasts can track their progress with the Lean Body Mass Calculator, which calculates lean body mass and body fat percentage.

20. Loan Down Payment Calculator

Planning to buy a car or home? The Loan Down Payment Calculator helps you determine the down payment required for your purchase.

21. Loan Payments Calculator

Manage your loan repayment schedule efficiently using the Loan Payments Calculator.

22. Macronutrient Calculator

Tailor your diet to your nutritional needs with the Macronutrient Calculator.

23. Meal Calories Calculator

Keep track of your calorie intake with the Meal Calories Calculator, aiding in weight management.

24. Mortgage Payoff Calculator

Accelerate your mortgage repayment strategy using the Mortgage Payoff Calculator.

25. Conception Calculator

For those planning to expand their families, the Conception Calculator helps estimate conception dates.

26. One Rep Max Calculator or 1RM Max Calculator

Fitness enthusiasts can gauge their strength using the One Rep Max Calculator.

27. Ovulation Calculator

Couples trying to conceive can benefit from the Ovulation Calculator to determine fertile periods.

28. Savings Calculator

Whether you're saving for a rainy day or a specific goal, the Savings Calculator helps you track your savings progress.

29. SIP Calculator or SIP Return Calculator

Investment planning becomes more accessible with the SIP Calculator, allowing you to estimate returns on Systematic Investment Plans.

30. Period Due Date Calculator

The Period Due Date Calculator aids in tracking menstrual cycles and predicting due dates.

31. Personal Loan Calculator

Evaluate personal loan options efficiently with the Personal Loan Calculator.

32. Pregnancy Conception Date Calculator

Expecting parents can use the Pregnancy Conception Date Calculator to estimate conception dates.

33. Pregnancy Timeline Calculator

Monitor your pregnancy progress with the Pregnancy Timeline Calculator, providing insights into the stages of pregnancy.

34. Present Value Calculator

Financial planning often requires understanding the present value of future cash flows. The Present Value Calculator simplifies this calculation.

35. Real Estate Calculators

For property investors, the Real Estate Calculators offer valuable tools to assess property yield and rental returns.

36. Rent Calculator

Choosing between renting and buying a home is a significant decision. The Rent Calculator helps you analyze the financial aspects of renting.

37. Rent vs Buy Calculator

Make an informed decision about homeownership with the Rent vs Buy Calculator.

38. Rental Property Calculator

Property investors can assess the potential income from rental properties using the Rental Property Calculator.

39. Retirement Plan Calculator

Plan for your retirement with confidence using the Retirement Plan Calculator.

40. RMR Calculator or Resting Metabolism Calculator

Understand your basal metabolic rate with the RMR Calculator to optimize your calorie intake for weight management.

41. Return on Investment Calculator or ROI Calculator

Evaluate investment opportunities using the Return on Investment Calculator, ensuring your investments yield desirable returns.

42. Simple Interest Rate Calculator

Calculate the interest on loans or investments with the Simple Interest Rate Calculator.

43. Squat One Rep Max Calculator

Fitness enthusiasts can track their strength gains with the Squat One Rep Max Calculator.

44. Steps to Miles Calculator

Keep your fitness goals on track by converting your daily steps to miles using the Steps to Miles Calculator.

45. Student Loan Calculator

Plan your student loan repayment strategy with the Student Loan Calculator.

46. VO2 Max Calculator

Assess your cardiovascular fitness with the VO2 Max Calculator.

47. Waist to Hip Calculator

Monitor your waist-to-hip ratio, a key indicator of cardiovascular health, using the Waist to Hip Calculator.

48. Weight Gain Pregnancy Calculator

Expectant mothers can track their weight gain during pregnancy with the Weight Gain Pregnancy Calculator.

In conclusion, Modern Calculators provides a diverse range of online tools that cater to various financial, health, and planning needs. These calculators empower individuals to make informed decisions, manage their finances, and lead healthier lives. Whether you're a fitness enthusiast, a homeowner, or an investor, these calculators are valuable assets in your quest for success and well-being.

[creditspeak]

Mortgage Amortization Calculator can be a useful tool for anyone looking to buy a home or refinance their existing mortgage. It help increase in understanding of mortgage payments, help improve budgeting, compare different loan options and determine your affordability. You can rely on Credit Speak, the best calculator to meet your needs.

[loansmee]

Discover how our intuitive loan calculator can simplify your financial planning. Easily estimate your monthly loan payments, compare various loan options, and make informed decisions with confidence. Our tool helps you understand your budget, plan effectively, and find the best loan tailored to your needs. Perfect for anyone looking to make smarter financial choices and stay on top of their loan management.

[eftcapital01]

Calculate budget and get fast loan in Australia!

If you require immediate financial assistance, EFT Capital provides financial services for secured and unsecured small loans, as well as same-day immediate loans, at the lowest interest rate compared to other lenders. Utilize our loan payback calculator to calculate interest on a loan for your unique budget, choose your loan amount, and take advantage of our rapid lending service by submitting an online application right away.

[heritagefinancialcreditunion]

Discover how much you can save with Heritage Financial Credit Union's Auto Loan Refinance Calculator. Easily compare your current loan with our refinancing options to see your potential savings. Whether you're looking to lower your monthly payments or pay off your car loan faster, our intuitive calculator provides the insights you need. Make an informed decision about refinancing your auto loan and unlock financial benefits today. Start your journey to savings with Heritage Financial Credit Union. 

[moderncalculators]

Autoloan Calculator – Auto Loan Calculator With Taxes and Fees – Auto Loan Calculator With Sales Tax

If you're in the market for a new car, figuring out the financing can be one of the most challenging aspects of the process. There are many factors to consider, such as your credit score, the make and model of the car, and the specific terms of the loan. Fortunately, there are online tools available to help you get an idea of what your monthly payments might be. An auto loan calculator is one such tool, and it can be an incredibly helpful resource when evaluating your financing options.

What Is an Auto Loan Calculator?

An auto loan calculator is a simple online tool that can help you estimate your monthly payments for a car loan. You input the loan amount, interest rate, and loan term, and the calculator will estimate your monthly payment. The basic auto loan calculator assumes a fixed interest rate and does not take into account any additional fees or taxes associated with the loan.

Auto Loan Calculator with Taxes and Fees

While the basic auto loan calculator can be a helpful starting point, it's important to remember that there may be additional costs associated with your car loan. These costs can include fees such as origination fees or document fees, as well as taxes. Some lenders may include these costs in the loan amount, while others may require you to pay them upfront.

To get a more accurate estimate of your monthly car payment, you can use an auto loan calculator with taxes and fees. This type of calculator allows you to input not only the loan amount, interest rate, and loan term but also any additional fees or taxes associated with the loan. By factoring in these additional costs, you can get a more realistic estimate of what your monthly payment will be.

Auto Loan Calculator with Sales Tax

Another factor to consider when calculating your monthly car payment is sales tax. Depending on where you live, you may be required to pay a sales tax on your vehicle purchase. This tax can add a significant amount to the total cost of your car, and it's important to factor it into your monthly payment calculations.

An auto loan calculator with sales tax allows you to input the loan amount, interest rate, and loan term, as well as the sales tax rate for your area. By factoring in the sales tax, you can get a more accurate estimate of what your monthly payment will be.

Factors that Affect Your Auto Loan Payment

There are many factors that can affect your monthly car payment, including:

Loan amount: The more you borrow, the higher your monthly payment will be.

Interest rate: The higher the interest rate, the more you'll pay in interest over the life of the loan, which will increase your monthly payment.

Loan term: The longer the loan term, the lower your monthly payment will be, but the more you'll pay in interest over the life of the loan.

Credit score: Your credit score can affect the interest rate you're offered, which can in turn affect your monthly payment.

Make and model of the car: The make and model of the car can also affect your monthly payment. Cars with a higher value will typically have a higher monthly payment, while cars with a lower value will have a lower monthly payment.

How to Use an Auto Loan Calculator

Using an auto loan calculator is easy. First, you'll need to gather some information about your potential loan, including the loan amount, interest rate, and loan term. If you're using an auto loan calculator with taxes and fees or an auto loan calculator with sales tax, you'll also need to know the additional costs associated with the loan.

Once you have all of the necessary information, you can input it into the auto loan calculator. The calculator will then estimate your monthly payment. You can try different loan amounts, interest rates, and loan terms to see how they affect your monthly payment 

Using an auto loan calculator can help you get a better idea of what you can afford when it comes to financing a car. By factoring in additional costs such as taxes and fees, you can get a more accurate estimate of what your monthly payments will be. Additionally, by trying different loan amounts, interest rates, and loan terms, you can see how they affect your monthly payment and choose the best financing option for your needs and budget.

When using an auto loan calculator, it's important to remember that the estimate is just that - an estimate. Your actual monthly payment may be different depending on factors such as your credit score and the specific terms of your loan. However, an auto loan calculator can still be a helpful tool for getting a ballpark estimate of your monthly payments and for comparing different financing options.

In conclusion, if you're in the market for a new car and need to finance your purchase, an auto loan calculator can be a valuable resource. By inputting your loan amount, interest rate, and loan term, as well as any additional costs such as taxes and fees, you can get a better idea of what your monthly payments will be. This can help you make an informed decision about your financing options and choose the best loan for your needs and budget.

[calebmatthew1]

Auto Loan Calculator: How to Get an Auto Loan in the USA - Requirements and Process

Auto Loan in the USA: Requirements, Process, and Using the Auto Loan Calculator on Allcalculator.net

As per Allcalculator.net’s  Auto Loan Calculator, When purchasing a new or used car in the USA, many buyers opt for auto loans to finance their vehicle. If you're considering getting an auto loan, it's important to understand the requirements and the process involved. This comprehensive guide will walk you through the steps, empowering you to make informed decisions and secure the best possible terms.

Assess Your Financial Situation:

Before applying for an auto loan, closely examine your finances. Evaluate your income, expenses, and credit history. Lenders will consider these factors to determine your eligibility and interest rates. Allcalculator.net offers a user-friendly Auto Loan Calculator that can help you estimate your monthly payments based on the loan amount, Interest rate, and loan term. Using the calculator, you can adjust the variables to see how different loan amounts and terms affect your monthly payments. This way, you can determine a loan amount that fits your budget.

Check Your Credit Score:

A good credit score greatly improves your chances of obtaining favorable auto loan terms. Request a free credit report and review it for any errors or discrepancies. If your credit score is lower than desired, improve it before applying for a loan. Paying bills on time, reducing existing debt, and correcting inaccuracies on your credit report are all effective strategies. Allcalculator.net provides valuable resources and tools to help you understand and improve your credit score. Their credit score calculator can estimate your credit score based on various factors, allowing you to track your progress over time.

Also Read: Simplifying Auto Loans: Understanding and Utilizing an Auto Loan Calculator

Allcalculator.net is your one-stop destination for all kinds of calculators. Whether it's simple arithmetic, complex math, financial planning, or health-related calculations, Allcalculator.net has you covered. With a user-friendly interface and accurate results, our site ensures efficiency and convenience for all your computation needs. Explore Allcalculator.net today and experience the power of smart calculations

[christopherallcalculator]

Streamline Your Car Financing with an Auto Loan Calculator

AllCalculator.net offers a user-friendly and efficient Auto Loan Calculator that empowers you to calculate different car financing scenarios easily. By utilizing our advanced tool, you can quickly assess loan terms, interest rates, and monthly payments, allowing you to make informed decisions with confidence. Let's delve into the benefits of using AllCalculator.net's auto loan calculator in this insightful infographic.

Section 1: Understanding Auto Loan Calculators

Definition: An auto loan calculator is an online tool that helps you estimate monthly payments, interest costs, and loan terms for purchasing a car.

Key Inputs: Loan amount, interest rate, loan term, and down payment.

Calculation Results: Monthly payment, total interest paid, and total loan cost.

Section 2: Benefits of Using an Auto Loan Calculator

Financial Planning:

Determine Affordability: Calculate how much car you can afford based on your budget and financial situation.

Adjust Loan Terms: Experiment with different loan terms to find the most suitable repayment period for your needs.

Evaluate Down Payment Options: See how different down payment amounts affect your monthly payments and overall costs.

Comparison Shopping:

Compare Loan Offers: Input different interest rates and loan terms to compare offers from various lenders.

Negotiation Tool: Use calculated results to negotiate better terms or interest rates with lenders.

Assess Trade-in Value: Determine the equity of your current vehicle and consider it as a down payment.

Decision-Making:

Budget-Friendly Options: Find the right balance between a comfortable monthly payment and a reasonable loan term.

Interest Savings: Visualize how different interest rates can impact the total cost of your loan and choose the most affordable option.

Debt Management: Understand the long-term financial implications of borrowing and make an informed decision.

Section 3: How to Use an Auto Loan Calculator

Gather Information:

Loan Amount: Determine the total amount you plan to borrow.

Interest Rate: Research and find competitive interest rates from lenders.

Loan Term: Decide on the length of time you want to repay the loan.

Down Payment: Consider the amount you can contribute upfront.

Access an Auto Loan Calculator:

Visit Allcalculatot.net or any reliable auto loan calculator website.

Input the gathered information into the corresponding fields.

Analyze the Results:

Review the calculated monthly payment, total interest, and total loan cost.

Experiment with different inputs to explore various financing scenarios.

Conclusion:

An auto loan calculator is a powerful tool that streamlines the car financing process, providing valuable insights into your borrowing options. By using this tool, you can make well-informed decisions, compare loan offers, and ultimately choose a financing plan that aligns with your budget and financial goals. Take advantage of the convenience and efficiency offered by auto loan calculators to streamline your car financing journey.

[vehicleloaninterestrate]

A Short Guide on Auto Loan EMI Calculator

An EMI calculator is a useful tool for calculating how much the loan will cost you. In simple words, it saves you time and energy when processing numbers and carrying out the maths to determine which loan to apply for. For more - auto loan EMI calculator

[allcalculator]

Clear all your queries with this detailed auto loan calculator

Do I need to provide personal information to use an auto loan calculator? 

No, you do not typically need to provide personal information to use an auto loan calculator. Auto loan calculators are usually free online tools that are designed to give you a quick and easy estimate of your monthly payments and overall cost for a car loan. They typically only require you to input a few key pieces of information, such as the loan amount, interest rate, and loan term, to calculate the estimated payments and cost.

While personal information is not required to use all calculators auto loan calculator, it is important to remember that the actual loan terms and interest rates you receive may vary based on your credit score, financial history, and other factors. As such, it's always a good idea to check with multiple lenders to get an accurate estimate of your loan terms and interest rates.

Can I use an auto loan calculator to compare loan offers from multiple lenders? 

Yes, you can use auto loan calculator to compare loan offers from multiple lenders. An auto loan calculator is a free online tool that calculates the monthly payments and overall cost of a car loan based on the loan amount, interest rate, and loan term. By inputting the loan terms and interest rates for multiple loan offers, you can compare the results and determine which loan offers the best terms for your financial situation.

When using an auto loan calculator to compare loan offers from multiple lenders, it's important to make sure that you are comparing apples to apples. Make sure that you are using the same loan amount, loan term, and interest rate for each offer so that you can accurately compare the results.

How do I compare auto loan offers using an auto loan calculator?

Comparing auto loan offers using an auto loan calculator is a straightforward process. Here are the steps to follow:

Find an auto loan calculator: Many free auto loan calculators are available online. Choose a reputable calculator and ensure that it provides accurate and reliable results.

Gather loan offers: Before using the auto loan calculator, gather all the loan offers you have received from different lenders. This information should include each other's loan amount, interest rate, and loan term.

Input loan information: Once you have your loan offers, input the information into the auto loan calculator. Be sure to input the loan amount, interest rate, and loan term for each offer so that you can compare the results.

Compare the results: The auto loan calculator will provide you with an estimate of the monthly payments and overall cost for each loan offer. Compare the results for each offer and take note of t other factors: In addition to using auto loan calculator, consider other factors such as the lender's reputation, customer service, and flexibility of the loan terms. This information can help you decide which loan offer is the best for your financial situation.

Get a pre-approval: Once you have compared the loan offers and chosen the best one for your financial situation, you may want a pre-approval. A pre-approval lets you know exactly how much you can borrow and the interest rate you will receive, making it easier to find a car that fits your budget.

Conclusion

In conclusion, using an auto loan calculator is an easy and effective way to compare auto loan offers from multiple lenders. By inputting the loan amount, interest rate, and loan term for each offer, you can quickly compare the results and determine which loan offer is the best for your financial situation. Be sure to consider other factors, such as the lender's reputation, customer service, and the flexibility of the loan terms, and always get a pre-approval to ensure that you get the best deal possible.

[creditspeak]

Creditspeak is a free Refinance Calculator for finding the finance term, loans, and interest rates. You will come to know the loan amount, interest rate, and other financial details that are easy for you.

[erasedcitizen2]

trying to buy 50% of my boyfriend's apartment (which we currently live in and he owns 100% right now)... and I'm applying for loans for buying an apartment for the first time and holy fuck it's frustrating. several banks have auto denied my application without even speaking to me because they think i'm a single person with a single income trying to buy an apartment, when that's not even the case. and even if it was it's making me incredibly sad to realize that if I WAS single I could not even at the age of 30 buy a single room apartment on my own. even tho i have the money saved up for a deposit and according to my own calculations i would have the ability to make payments on the loan even if i was alone (i don't have a very high salary but i also don't spend much money so i do fine). but based on numbers alone the banks would deny my application without even talking to me.

[mightyflamethrower]

Joe Did That: Inflation Costs Americans an Extra $1000 Monthly

CATHERINE SALGADO | 5:14 PM ON APRIL 12, 2024

Thanks to the wonders of Bidenomics, the average American is spending over a thousand dollars extra a month. Fortunately, Biden is focused on important things — like funding jihad supporters in Gaza and paying off student loans with taxpayer money the government cannot spare.

Fox Business highlighted the $1,069 cost increase compared to three years ago before Joe Biden’s disastrous economic policies drove up inflation higher than Hunter Biden smoking Parmesan cheese. Inflation has allegedly fallen since 2022, but the context for that statement is that inflation is still rising, just at a supposedly slower rate — inflation went up about 18% under Biden. You still have to shell out more money for the basic costs of living than you did two or three years ago, which is why Americans are increasingly burdened with credit card debt.

As of February, two-thirds of full-time American workers said that their income had not kept pace with inflation. Real wages have been steadily dropping since Biden took office.

From Fox Business:

The typical U.S. household needed to pay $227 more a month in March to purchase the same goods and services it did one year ago because of still-high inflation, according to calculations from Moody's Analytics chief economist Mark Zandi shared with FOX Business. Americans are paying on average $784 more each month compared with the same time two years ago and $1,069 more compared with three years ago, before the inflation crisis began… when compared with January 2021, shortly before the inflation crisis began, prices remain up a stunning 18.94%.

Food, child care, and rent — the necessities — are devastatingly expensive under the Biden administration. Fox quoted Bright MLS chief economist Lisa Sturtevant, “Inflation has not just stalled, but it is moving in the wrong direction.” Unfortunately, low-income Americans — those who can least afford to spend more — are of course hardest hit by rising costs.

The Consumer Price Index (CPI), which measures the costs of what is supposed to be a representative “basket of goods,” continues to be well above the rate that the U.S. had before the economically damaging COVID-19 pandemic, Fox explained. The necessities mentioned above (food, rent, child care) are significantly more expensive than they were just a year ago.��

“Housing and gasoline costs were the biggest drivers of inflation last month, accounting for more than half of the total monthly increase,” Fox added. Food and auto insurance costs also went up, with the latter at a sobering 22.2% increase over the same time in 2023. Inflation is causing Americans to use up savings and increasingly rack up credit card debt to meet expenses, a situation that is both risky and unsustainable.

Credit card debt in America reached a new record high by the end of December 2023, Fox Business noted, citing data from the New York Federal Reserve.

Bidenomics has been nothing but a catastrophe for ordinary Americans, costing them ever more money even as their real wages decrease.

[persofina]

How to Pay Off These 4 Types of Debt

Getting and staying out of debt is tough. Many people try and fail, or they succeed only to become ensnared the vicious cycle over and over again. Eliminating debt takes lots of grit and determination, and strategically attacking your debt will save you time, energy, and money. Before you get started, you should know that each type of debt requires a slightly different strategy. Here's how to tackle different types of debt, and get rid of it once and for all. Credit card debt The best way to attack credit card debt is by using the debt snowball. With this method, you begin by attacking the smallest debt while paying the minimum on everything else. Once one debt is paid, you take all the money you were paying on the first card and apply it to the second biggest balance. Rinse and repeat. You may be tempted to attack them based on interest rate, which is also known as the debt avalanche. And that will work. However, you must keep in mind that debt is more mental than it is logical. You probably didn't use a ton of logic to get into debt. And logic won't inspire you to get out of debt. The debt snowball approach allows you to get quick wins by conquering smaller debts before taking on the larger ones, which require more time and patience. Winning becomes a contagious habit that helps you build momentum. You also may want to contact your credit card companies and request that they lower your interest rate. Some will and some won't, but it doesn't hurt to ask. (See also: 2-Minute Guide: How to Use Balance Transfers to Pay Off Credit Card Debt) Car and personal loans Auto and personal loans are a little different from credit card debt. However, they follow the same principle for repayment. First, make sure you understand the repayment terms and then contact the lender and ask them to reduce your interest rate. In addition to using the debt snowball, a great repayment strategy for this type of debt is to call the lending agency and set up bi-weekly payments instead of paying monthly. The minimum payment doesn't change, you just make 26 payments a year versus 12. This lowers the total amount of interest you will pay over the life of the loan. When you pay more than the minimum payment, you'll slash months — even years — off the total repayment time. Student loans Despite how it may feel, paying off student loans is possible. You just need some discipline, patience, and a plan. For most folks, student loan debt is one of the most significant debts owed — second only to a mortgage. The first thing you want to do is determine the total amount owed. You can do this by visiting the National Student Loan Data System or contacting your lender. From there, visit the Federal Student Loan Website to see if your loans can be consolidated, if your interest rate can be lowered, and if you qualify for any loan forgiveness programs. The Department of Education offers eight different repayment plans that may be able to assist you if you're considered low income or have special circumstances. They also provide repayment calculators and a host of other information and resources that can assist you in repaying your loans quicker. Once you know the total amount owed, and have found a repayment plan that works for you, it's time to get busy. You want to throw ever extra dollar you have at this debt and make multiple payments a month, if possible. Mortgage The term "mortgage," translated from old French, literally means "death pledge." How fitting. There are several schools of thought on whether you should pay off your home early. For some people paying it off early makes sense, for others it doesn't. If you do want to knock the mortgage off your debt list, there are a few things you can do to expedite repayment. Make bi-weekly payments By simply splitting your monthly mortgage payment into equal parts where it's paid every two weeks, you can shave years of payments off a 30-year mortgage. If you pay more than the… http://dlvr.it/T3qJwX As seen on Wisebread.comsincerely yours Persofina: Personal Finance Hacks