Paying off personal loan quickly a bad thing?

[JLD23]

My husband and I have been renovation our home so we can hopefully sell it in the near future. We wanted to pay for the renovations out of pocket with our savings but we took out a few personal loans just to give us cushion in case we didn't have enough money. We luckily had enough in the end which meant we didn't need the funds from the loans. I paid back the loans using the money we received from them instead of keeping the cash and having a payment to deal with. When we sell our house, we will be looking to purchase a new property out of state. Because I paid those loans back so quickly, will that have a negative affect on us when we apply for a new mortgage? 

[MarvBear]

Welcome to CreditBoards.

[LohaLonnie]

I don’t think they will have a negative effect unless there is an early prepayment penalty stated in the contract. 

Edited August 8, 2023 by LohaLonnie