{"id":2064,"date":"2019-12-18T21:26:16","date_gmt":"2019-12-18T21:26:16","guid":{"rendered":"https:\/\/sparksfg.com\/?p=2064"},"modified":"2023-06-28T01:18:20","modified_gmt":"2023-06-28T01:18:20","slug":"loan-acceleration","status":"publish","type":"post","link":"https:\/\/sparksfg.com\/loan-acceleration","title":{"rendered":"Loan Acceleration"},"content":{"rendered":"[vc_row][vc_column width=&#8221;1\/4&#8243;][vc_wp_custommenu nav_menu=&#8221;16&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243;]<div id=\"ultimate-heading-58916618c1ae979e9\" class=\"uvc-heading ult-adjust-bottom-margin ultimate-heading-58916618c1ae979e9 uvc-8373  uvc-heading-default-font-sizes\" data-hspacer=\"no_spacer\"  data-halign=\"left\" style=\"text-align:left\"><div class=\"uvc-heading-spacer no_spacer\" style=\"top\"><\/div><div class=\"uvc-main-heading ult-responsive\"  data-ultimate-target='.uvc-heading.ultimate-heading-58916618c1ae979e9 h2'  data-responsive-json-new='{\"font-size\":\"\",\"line-height\":\"\"}' ><h2 style=\"--font-weight:theme;\">What is the impact of making extra payments on my debt?<\/h2><\/div><\/div>[vc_column_text css=&#8221;.vc_custom_1576704341896{margin-top: 37px !important;}&#8221;]Over the course of loan amortization, you will spend hundreds, thousands, and maybe even hundreds of thousands in interest. By making a small additional monthly payment toward principal, you can greatly accelerate the term of the loan and, thereby, realize tremendous savings in interest payments.<span id=\"more-906\"><\/span>\u00a0Use our extra payment calculator to determine how much more quickly you may be able to pay off your debt.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/4&#8243;][vc_icon icon_fontawesome=&#8221;fa fa-calculator&#8221; color=&#8221;custom&#8221; background_style=&#8221;rounded&#8221; size=&#8221;xl&#8221; align=&#8221;center&#8221; css_animation=&#8221;left-to-right&#8221; custom_color=&#8221;#1f375c&#8221;]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">#default-btn-2f57eb5698a2889165b5d026df4e37d1.ico-right-side > i {\n  margin-right: 0px;\n  margin-left: 8px;\n}\n#default-btn-2f57eb5698a2889165b5d026df4e37d1 > i {\n  margin-right: 8px;\n}\n<\/style><div class=\"btn-align-center\"><a href=\"https:\/\/www.calcxml.com\/calculators\/det17?skn=929&amp;r=2&amp;tabs=1\" class=\"default-btn-shortcode dt-btn dt-btn-m link-hover-off  vc_custom_1687915093427\" target=\"_blank\" id=\"default-btn-2f57eb5698a2889165b5d026df4e37d1\" rel=\"noopener\"><span>View Calculator<\/span><\/a><\/div>[\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/4&#8243;][vc_wp_custommenu nav_menu=&#8221;16&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1576704341896{margin-top: 37px !important;}&#8221;]Over the course of loan amortization, you will spend hundreds, thousands, and maybe even hundreds of thousands in interest. By making a small additional monthly payment toward principal, you can greatly accelerate the term of the loan and, thereby, realize tremendous savings in interest payments.\u00a0Use our extra payment calculator&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Loan Acceleration - Sparks Financial Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sparksfg.com\/loan-acceleration\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Loan Acceleration - Sparks Financial Group\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column width=&#8221;1\/4&#8243;][vc_wp_custommenu nav_menu=&#8221;16&#8243;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1576704341896{margin-top: 37px !important;}&#8221;]Over the course of loan amortization, you will spend hundreds, thousands, and maybe even hundreds of thousands in interest. 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