Every month, after the deduction of ABC mortgage, there is a text message to remind the remaining principal. If I pay back in advance, will I only pay back the remaining principal prompted by the text

Every month, after the deduction of ABC mortgage, there is a text message to remind the remaining principal. If I pay back in advance, will I only pay back the remaining principal prompted by the text message? You're right. As long as the remaining principal is paid off, it will be paid off in advance. However, it still depends on whether there is a penalty clause for prepayment in your loan contract. If so, you should pay the liquidated damages as agreed.

If you have 50 thousand now, pay back 50 thousand first, and then pay back the rest when you have money. This will save more interest. And after partial prepayment, it is best to shorten the service life, which will save more interest.