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📌 30-Second Summary
Making early mortgage payments (amortización anticipada) can save you €20,000-50,000+ in interest over your loan lifetime.
How it works:
- You pay extra toward principal
- Choose to: reduce monthly payment OR shorten loan term
- Shortening term saves more interest
Costs:
- Variable mortgages: 0.15-0.25% commission
- Fixed mortgages: 1.5-2% commission (first 10 years)
- Free after initial fixed period
Best strategy: Make early payments on variable mortgages or after fixed period ends. Use windfalls (bonuses, inheritance) to make lump payments.
