Quote:
Originally Posted by MillerTime GFG
Variable rates are very low right now and I'm still a huge believer that there's a lot of value in them, even with most thinking rates are due to go up in mid-2016. Right now I can do a prime - 0.65% (2.35%).
Have you been a fixed guy generally?
|
Aside from my first five year term, I have always had variable and been happy with it.
I have a prime minus 0.7 right now that I am happy with and it is good for another 15 months or so. However I am moving cities and in typical fashion I will probably spend more on the new house.
Do you know if I am stuck dealing with my current bank for the mortgage and trying for some sort of blend and enlarge/extend deal on the new mortgage?
The penalty to break is 3 months interest which isn't the end of the world but I would prefer to avoid it of course.