Whether it is cost-effective to repay the loan in advance depends mainly on the demand and has a great relationship with the loan interest rate.

The borrower may lose the opportunity cost because of prepayment. Therefore, under the premise of ensuring the monthly repayment amount, the borrower shall not use the remaining funds to repay the loan in advance, if any. You can learn how to manage money. It's a good idea to use Qian Shengqian. No matter which way the borrower chooses to repay the loan in advance, residents can save mortgage interest by repaying the loan in advance. And when the borrower moves to work, he can realize the transfer of the original house by repaying the loan in advance.