In a written reply, she told the House that the government is regularly paying back foreign loans according to their
amortization schedules. For effective public debt management the government has enacted Fiscal Responsibility and Debt Limitation Act 2005 under which the government pursues sound fiscal and debt management policy so as to maintain its debt within prudent limits and follow debt reduction path.
This streamlined refinance of a Freddie Mac loan produced increased proceeds, a lower interest rate and extended
amortization schedules, as well as closing cost savings to the borrower."
We steer people to the terms and
amortization schedules that cost them the least money given their circumstances.
