How to Calculate Your Remaining Loan Balance at Any Point
Learn the mathematical formulae and methods to calculate your exact loan balance at any point during repayment, including practical examples and common pitfalls to avoid.
15-Year vs 30-Year Loans: Making the Right Choice
Compare the tradeoffs between shorter and longer loan terms, understand the impact on monthly payments and total interest, and learn which option fits your financial situation.
The Power of Extra Payments
Learn how making extra payments towards your principal can dramatically reduce total interest and shorten your loan term.
Understanding Your Amortisation Schedule
Learn how to read an amortisation schedule, what each column means, and how to identify patterns in your loan repayment over time.
APR vs EAR: Why the Difference Matters
Understand the difference between nominal APR and effective annual rate, and learn why EAR is the correct rate to use in financial calculations.
Biweekly vs Monthly Payments: Does It Really Matter?
Explore whether switching from monthly to biweekly payments actually saves money, and understand the mechanics behind more frequent payment schedules.
The Maths Behind French Amortisation
A deep dive into the annuity formula, periodic rate conversion, and how each payment splits between interest and principal over the life of a French loan.