Loans and mortgages – Get a free discount

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You can get an easy discount by having your loan payments automatically deducted from your checking or savings account. Most lenders will lower your APR by 0.25 percent or 0.50 percent just for making automatic payments.

Lenders like automatic deductions because it gives them less paperwork to do. At the same time, it’s good for borrowers in a couple of ways. Not only do you get the lower APR, you don’t have to worry about whether your check will arrive on time. And it’s one less check you have to write.



All the best,



Timben