When you have money on hand, have you ever thought about paying off your mortgage in advance? This seems to be a problem faced by many people, and today we are going to talk about it.

First of all, if you have a lot of money on hand, but no good investment channels, then you can not hesitate to pay off the mortgage.

In this way, you not only save the cost of loan interest, but also completely get rid of the burden of mortgage.

And, if you need money in the future, you can also remortgage the house to the bank and lend a sum of money again.

The interest rate at this time may only be 3.35%, which is undoubtedly a good option for those who need to move funds.

For some, however, they choose to pay off their mortgage early in order to save interest.In the case of early repayment, the bank may charge a certain amount of liquidated damages.

如果这个费用超过了你节省的利息，那么提前还款的行为就没有什么实际的意义。

Therefore, you need to consider a variety of factors such as liquidated damages, interest, and your own income to make an informed choice.

Of course, if you have other sources of income that are greater than the cost of the mortgage you pay to the bank, then you don't have to worry about early repayment.In this case, you can choose to invest your money in more promising areas of investment for higher yields.

To sum up, whether you want to settle the mortgage early depends entirely on your own situation.If you have enough liquidity and do not have good investment channels, then early repayment is a good option.But if you have a better return on investment, then you should consider other ways to invest.The final decision should be based on its own actual situation and consider many aspects comprehensively in order to make the right choice.

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