NSW Mortgage Corp Blog

Tag: short term loan

Short Term Or Long Term Loans?
Loans

Short Term Or Long Term Loans?

Which is better: short-term or long-term loans? It depends on your needs and the capacity to pay. Just keep in mind that debt generally costs more if you will not use the loan proceeds wisely. Here’s the rule of thumb: Know how much you need, understand how you will use the available funds you have and keep tabs of your expenses.