Start before the deadline
Locate your maturity date, balance, remaining amortization, and the offer from your lender. Allow time to compare rather than making a last-minute choice.
Compare more than the rate
Look at prepayment privileges, portability, term length, break penalties, and all transfer or legal costs. The right product depends on how your life may change.
Plan your next payment
Use the renewal calculator with the expected balance at maturity and a realistic remaining amortization. Ask what a different payment would mean for your monthly budget and long-term interest.
General education only. Lender criteria and applicable rules can change. Discuss your circumstances with Lorika and obtain legal or tax advice where needed.
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