There is no doubt that the problem of mortgages is a challenge that many people are facing, and there is a general question about this — is it only necessary to save money in bank cards to pay off the mortgage in advance? If you also have that question, I'll help you to sort it out today。

If you pay your mortgage in advance, you can deposit it in a bank card

First, I have to make it clear that early repayment is not just a “deposit” act. In fact, you may have to pay some default or other expenses in the process. It is recommended that you consult with the bank to confirm the exact amount and what costs, which would avoid unnecessary misunderstandings and complications。

Secondly, even if you deposit the money in a bank card, the bank may not be able to deduct the money directly from the card and may need other means of payment. A simple “saving entry card” is not the easiest way, and you may need to know more about how to pay。

Furthermore, if you deposit a large amount of money into a bank card, you may be charged some account management fees, etc., which, if drawn up, you cannot get back, so you are not recommended to deposit a large amount of money in a bank card。

So, after these preparations, you can start thinking about how to pay in advance. In fact, the repayment modality has nothing to do with the type of loan you choose. Overall, the repayment of the equivalent principal would be better. Why do you say that? It is certainly good news for you that, because of its unique repayments, you will pay less interest。

The principal of the loan and the amount of interest repaid by the borrower per month are the same in the principal repayment method, while the principal of the loan is the same as the principal repayment by the borrower per month, but the monthly repayment is the same as the principal is the monthly reduction. Suffice it to consider that the repayment of the equivalent principal would be less than the equivalent interest under the same terms of the loan. Therefore, if you wish to pay in advance, it would be preferable to opt for an equivalent principal payment。