Repay the mortgage in advance. Generally, after one year of mortgage, most banks will not charge liquidated damages. Of course, a few banks will charge some liquidated damages for mortgage loans within 2-5 years. The collection of liquidated damages generally ranges from 3% to 5%.

In addition, individual prepayment also depends on whether it is paid off in advance or part of the loan. If it is a partial loan, the bank will have a minimum limit on the repayment amount. Therefore, it is recommended to consult the bank of the loan to understand the relevant provisions of prepayment before repaying the mortgage in advance.