Early repayment of mortgage is mainly divided into two categories, one is to pay off all the arrears of mortgage in advance at one time, and the other is to repay some loans in advance. Repaying some loans in advance can be divided into shortening the loan life, keeping the monthly repayment amount unchanged and reducing the monthly repayment amount, keeping the repayment period unchanged.

Therefore, repaying the mortgage in advance can shorten the loan period. However, in different regions and different banks, the policy of repaying mortgage in advance is not the same. In some areas, banks can only choose to reduce the monthly repayment amount for partial prepayment, and the repayment period remains unchanged. Therefore, whether an individual can shorten the loan period by repaying the mortgage in advance should consult the personal bank applying for the mortgage.

In addition, individuals should repay their mortgages in advance, not directly in advance. Before repayment, you need to apply to the loan bank 15 working days or 30 working days in advance (subject to the bank's regulations), and the bank can go through the relevant procedures for repaying the mortgage in advance only after it agrees.