Mortgage amortization: Options for reducing debt.

Paying off your home loan early can be a good strategy to reduce the total amount owed and save on interest. Amortization can decrease the contract term or the amount of monthly installments. In 2023, repayments almost doubled, highlighting the growing interest in this practice. Redeeming a PPR is also an option to amortize the loan, with specific rules.

However, it is important to consider the commissions that may be charged by the bank when making an early repayment. Learn all about early repayment in mortgage credit, in these articles.

Related articles:  

1. How to make an early repayment of my home credit?
2. When amortizing a home loan, how much time can I reduce on the contract? URL: Link
3. "Redeeming a PPR to amortize a housing loan? Learn how" - https://www.poupancanominuto.com/artigos/credito-habitacao/resgatar-ppr-para-amortizar-credito-habitacao-saiba-como
4. Mortgage credit: Early repayments nearly double in 2023.
5. How much do I pay for early repayment commission in the home loan? Read more at: https://www.poupancanominuto.com/artigos/credito-habitacao/quanto-pago-de-comissao-por-amortizacao-antecipada-no-credito-habitacao