Mortgage Sense

Can you — and should you — prepay a mortgage loan?

Can you — and should you — prepay a mortgage loan?

Buying a new home is exciting. But having to pay off that loan can get real old real fast, especially since it can take decades to pay off. That can be depressing for first-time homebuyers who probably have multiple financial challenges — car loans, school loans, credit cards, and smaller starting salaries early in their careers. Luckily, they probably also still have plenty of time to earn and invest.


Still, it’s tough to watch most of your scheduled payments go to cover interest, and very little goes towards reducing the principal during the first few years of your mortgage.

Continue reading Can you — and should you — prepay a mortgage loan? at Movement Mortgage Blog.

About the authors

Looking to change the home buying process for the better, the Humes Team is here for all of your mortgage needs. No loan is too big or too small. We believe one should treat others as expected to be treated. We pride ourselves in honesty paired with communication to deliver A1 service with great results.

Meet the team

About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

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