3 Reasons Why Renters Should Avoid Debt Consolidation Loans Debt consolidation applications can affect your credit score Are you renting your home because you’re saving up for a down payment to purchase a home in the near future? Will you need to finance a car purchase soon? Have you thought about going back to school
Motivation: Understand the long-term impact of one extra payment Before you decide how you’ll make an extra payment this year, use Trulia’s mortgage calculators to understand why making an extra payment can save you years of payments down the road. For example, say you begin paying back a $150,000 mortgage with a 4% interest rate.