You pay almost all interest in the first few years otherwise. It's the same as minimum payments on credit cards.You may be able to make mortgage overpayments up to a certain amount each year, without having to pay a fee. This will depend on the type of product you have. Many mortgage providers don't accept mortgage payments made with a credit card. Clear high-interest credit cards and loans before overpaying your mortgage, as they're usually more expensive. Our guide helps you weigh up the pros and cons of overpaying your mortgage. We also outline how much you could save in interest payments. There are no penalties if you've accidentally paid more than you owe, and there are laws in place that require issuers to refund your overpayment. Want to make an overpayment and understand how this could impact your mortgage payments and interest?