Posted 10/7/2024 19:03 (#10918529 - in reply to #10917969) Subject: RE: Farm Loan Payment Early
n. Illinois
banker for 40+ year here, You will not save much at all by making your payment in November vs March. IE you would save the interest that would have accrued from Nov to March which is 4 months and that would only be for the first year you did it. The 2nd year and every year thereafter you will be paying the full 12 months of interest accrual.
Farm Loan Payment Early
