You can pay off your mortgage early without penalty, but there are some things to consider.

Some mortgages have prepayment penalties, which are fees for paying off your mortgage early.

These penalties are more likely if you pay off your mortgage within a few years of taking out the loan.

Not all mortgages have prepayment penalties. For example, VA, USDA and FHA loans do not.

 If your mortgage does have a prepayment penalty, it will be outlined in your loan documents.

- Prepayment penalties are usually a percentage of the remaining mortgage balance, a fixed fee or a certain number of months' interest.

- It's a good idea to review your loan documents and talk to your lender if you're unsure about your prepayment penalty.