What happens if you prepay your standard residential mortgage? This question puzzles most people, and worse yet the answer can be even more confusing. However, a minor policy change that alters how prepayments are applied could benefit mortgage borrowers as well as the overall housing market.
Henderson, J., & Farrell, M. (2016). Baker Viewpoint: Curtailment mortgages are a win-win economic policy. Cornell Real Estate Review, 14(1), 40-43 . Retrieved from http://scholarship.sha.cornell.edu/crer/vol14/iss1/15