Quote:
Originally Posted by
FLAMESRULE 
Just out of curiousity, we have a floating mortgage as well, but we fixed our monthly payments at about a 5.7% interest rate, now that we'll be down to 2% its taking years off our mortgage.
Any good reasons why people have let their payments float (keeping the total term the same), vs fixing the monthly payment and letting the length shorten/lengthen??
We did it to budget easier.
My Wife and I did the same thing. Right now we are paying 65% more Principle than interest.
i am so glad we went with a variable mortgage
