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Drag the slider to see how your payments change over time and gain insights. Interest rates on a RIO may be lower than Lifetime Mortgage interest rates.
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To start your equity release journey via the Telegraph Media Group Equity Release Service, you can use the free equity release calculator on this page.
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You may also be subject to late fees for delayed monthly payments or prepayment penalties if you pay off the loan before the term is over.
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Equity release is a way to use the market value of your home to get one lump sum of cash or regular drawdown payments.
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