Getting ahead of the game is the easiest way for borrowers
to pay back the money they have borrowed. Making an additional principle
payment is a great way to make that happen. Those who borrow money can choose
to make a payment above and beyond the principle payment that they are required
to make.
Paying a little extra now means saving interest on the money borrowed. There is
nothing better for a borrower to do than to pay a bit extra on their borrowed
money. It means less liquid capital for them in the moment, but it also means
more savings going forward. Those two factors play well into the hands of the
borrower. An additional principle payment feels good to make, and it can make a
big difference for the borrower.