Should you accept the bank's offer?
Not until the rate, term, prepayment privileges, penalty exposure, and renewal timing have been compared against the wider market.
Renewal strategy
Renewal clarity before you sign.
A renewal offer is not just a rate. It is a new set of terms, penalties, payment risks, and options for the next stage of your life. Adam reviews the structure before the default choice becomes expensive.
Before maturity01. 02. 03. 04.
The bank's letter is a starting point.
How early should you start?
A 120-day window is usually enough to hold options, review your next five years, and avoid making the renewal decision under pressure.
Fixed, variable, or shorter term?
The right answer depends on payment tolerance, sale plans, refinance plans, and whether flexibility is worth more than headline rate.
What if your file has changed?
Income, debt, credit, property value, and employment changes can affect lender choice. The renewal is the moment to test that quietly.
Private advice
Review the renewal before you sign.
Send Adam the renewal offer, approximate balance, maturity date, and any plans that could affect the next term. You will get a clear view of the options worth considering.
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