提前还款风险与提前还款引起的抵押贷款的现金流变化有关的风险。即投资者担心借款人会在市场利率低于抵押贷款利率时提前还款。例如，某抵押贷款的利率是8%,贷款于5年前发放，市场利率是5.5%，此时借款人就会有动机进行再融资。再融资主要取决于贷款利率与市场利率的区别。投资者的损失是，借款人还款的金额只能以低于原抵押贷款的利率再投资。
抵押贷款债权证券化还具有采用本金摊还法、违约风险低、提前还款风险等特点。
It adopts principal amortisement, has low credit risk but has risk of paying off in advance.
对提前还款风险的研究和控制，已经成为个人住房抵押贷款风险管理的重要课题。
Thus, the study and control on the prepayment risk has become a key research subject of the risk management of personal housing mortgage loan.
五是针对商业银行个人住房面临的按揭项目风险、提前还款风险、抵押物风险提出具体的风险管理措施和方法。
Finally, we should take concrete methods to the risks which our commercial Banks' personal real-estate loan business is confronted with, such as item risks, mortgage risks and so on.
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