What is the meaning of Overpayment?

When monthly payments to a mortgage are increased so that the mortgage is repaid before the end of the mortgage term. Flexible mortgages allow' Overpayment's to be made without penalty allowing significant interest savings over the mortgage term.

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APABarry Goldsmith. (2010). overpayment. Retrieved September 21, 2026, from http://smartdefine.org/overpayment/definitions/1160032
ChicagoBarry Goldsmith. 2010. "overpayment" http://smartdefine.org/overpayment/definitions/1160032 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, overpayment, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/overpayment/definitions/1160032>.
MLABarry Goldsmith. "overpayment" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/overpayment/definitions/1160032>
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