The expert spoke about ways to repay the mortgage early to reduce overpayments.

In the third quarter of 2025, the volume of mortgage loans increased due to a gradual decrease in market rates and an increase in buyers' interest in buying a home. On October 13, the head of the mortgage department at Level Group, Julian Ovechkin, told Izvestia about ways to pay off the mortgage ahead of schedule and reduce the overall overpayment.

"Shortening the loan term works on a simple principle: the borrower pays an amount in excess of the monthly payment and asks the bank not to reduce the monthly installment, but to shorten the total loan term. As a result, the borrower "cuts off" the last years of payments and saves on interest that would accrue towards the end of the mortgage," Ovechkin explained.

The second method, which involves reducing the monthly payment, according to the expert, is suitable for those who want to reduce their financial burden. As in the first case, the borrower makes a payment exceeding the monthly amount, but asks the bank not to shorten the loan term, but to reduce the monthly payment. According to him, from the point of view of the total overpayment, partial repayment with a shorter mortgage term is more advantageous, however, reducing the regular payment can significantly ease the financial burden in the future.

Against the background of the recent reduction in the key interest rate, a mortgage refinancing strategy can also be considered.

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"In fact, this is the registration of a new loan to repay the old one, but on more favorable terms. Almost every existing borrower can take advantage of this opportunity if there are no late payments, there is a stable income and official employment. Banks also have requirements for the term of the loan: at least three to six months must pass from the moment of registration of the mortgage. Due to the reduction in the key rate, it makes sense to monitor offers from banks and act without waiting for the minimum values: the effect of reducing overpayments and making payments more comfortable is coming now," the expert explained.

Ovechkin said that the last option to reduce mortgage overpayments is full early repayment. In this case, the borrower pays the entire remaining loan amount and the interest accrued from the date of the last payment. This method is suitable if a person has free money, for example, from the sale of real estate, inheritance, or business income. In this case, the bank does not charge interest for the remaining period, which significantly reduces the total overpayment.

Evgeny Belokurov, Commercial Director of Yandex Real Estate, told Izvestia on September 12 that in 2025, the surge in interest in real estate is due not only to the traditional seasonal factor, but also to a number of important changes in the economic situation, which is gradually stabilizing.

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