04/20/2023
“The only real way to minimise compound interest on your mortgage is to pay off what you owe as quickly as you can.
But before you do, check with your bank if there are fees involved if you make additional payments.”
A viral TikTok video claims to reveal a banking hack so you’ll “pay a big fat zero in interest”. Sadly, it’s not true. But extra payments now can save you thousands, as a finance expert explains.