Henderson, JasonFarrell, Matthew2020-09-042020-09-042016-06-018702469https://hdl.handle.net/1813/70766What happens if you prepay your standard residential mortgage? This question puzzles most people, and worse yet the answer can be even more confusing. However, a minor policy change that alters how prepayments are applied could benefit mortgage borrowers as well as the overall housing market.en-USRequired Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.Cornellreal estatemortgagecurtailmenthomeownercurtailment mortgageprepaymentpaymentamortizationtermdisposable incomeGDParticle