Can I pay my mortgage off early?

Most mortgages can be paid off early, and that information is found in your mortgage Note.




If you want to pay off your mortgage early, check your Note to confirm that the loan is not subject to prepayment penalties. If there are penalties, you'll want to know what they are.

Next, call your lender to learn the dollar amount for your payoff as what you see on the mortgage statement loan balance doesn't include fees or some interest.

There are many advantages to being debt free including saving thousands of dollars in interest, but by having all the information, you can make the right decision for you.