Will the interest on prepayment of 450,000 mortgage be reduced?

In this case, the interest on early mortgage repayment will be reduced.

Under normal circumstances, when the lender prepays, it only needs to pay the remaining loan balance and interest, and does not need to pay the liquidated damages arising from prepayment. If the lender repays the loan in advance, the loan period will be shortened and the interest will be reduced. Therefore, the mortgage interest of 450,000 yuan in advance will be reduced.

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