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Can I pay off my mortgage early without penalties?

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(@helen-olamide)
Posts: 2050
Illustrious Member Customer
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[#2659]

Can I pay off my mortgage early without penalties?


 
Posted : 28/04/2024 6:01 pm
(@edwardadex233)
Posts: 1000
Noble Member
 

You can pay off your mortgage early without penalties, but you must first check with your lender to see if your mortgage has a prepayment penalty. If your mortgage does have a prepayment penalty, you can try to negotiate with your lender to see if they will waive it. You can also pay more each month, make extra payments or refinance your mortgage into a shorter loan term to pay off your mortgage early.


 
Posted : 30/04/2024 6:06 pm
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