What does it mean to prepay a mortgage? Prepaying a mortgage simply means paying off your loan early. Normally, when you pay your mortgage, you send a specific amount to your mortgage servicer ...

Financial prudence suggests eliminating liabilities as soon as possible, and prepaying your home loan can be a wise move if you have surplus funds. However, the decision to prepay or retain a home ...

The choice between prepaying and retaining a home loan also depends on the tax regime one opts for. Under the old tax regime, borrowers can claim deductions on both the principal and interest ...