👉 A mortgage without a prepayment penalty is like a promise to your lender: "I'll pay my rent every month, no matter what, even if I decide I've outgrown that tiny apartment and want to move out before the end of the month!" Now, here's a sentence that might just make you pause: "The mortgagor, in a bid for existential peace, decided to prepay their mortgage, only to find out their landlord was demanding a fine because they hadn't paid in a month."
