Consult with the lenders or check out the terms and conditions that you had accepted when you took the loans. Some lenders might have some penalties for prepayments. 1) Is there any prepayment penalty practiced by your lenders? There are some factors you should consider before you are going to prepay your mortgage. Interest Savings is a good measurement of how much you are saving with your prepayments.įactors to Consider Before Paying Off Your Mortgage Early