can banks make you pay a home mortgage loan early?

[scottj]

i am concerned about the USA facing rapidly rising inflation in the coming years. If i were to refinance my home at a fixed rate for 4.875% over 20 years from PenFed.org, and then we had high inflation and rates went up to 14%- 17% or even higher like in the late 70's (i think) would i be locked in for sure for the whole 20 years, or is there some loophole for the banks? thanks.

[Judy431]

You're locked in.

[stormpetrel99]

What is your question? If you sign a 20 year mortgage, you have 20 years to pay it. Of course you want to read the entire documnet, but in most cases they cannot make you pay it early. More common is the opposite, where the lender penalizes ou for paying the balance before the term ends.