Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development. Suzanne is a ...

Paying a prepayment penalty on your business loan may be worth it to save on interest or free up cash flow, but you’ll need to carefully consider your circumstances before deciding to pay off your ...

In some scenarios, it can make sense to pay off a mortgage early. For example, paying more than the minimum payment on a mortgage helps homeowners reduce interest charges and get out of debt faster.

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...