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photon · 02-07-2012, 12:03 PM

Just got docs to renew a mortgage, and the existing mortgage is at prime - 0.8%. The options they list as choices are all worse than that (5 year variable 3%, 5 year open variable 3.8%, 5 year fixed closed 5.29%), do I have to accept one of their choices? Or can I "do nothing" and renew at the current terms?

02-07-2012, 12:03 PM	#1
photon The new goggles also do nothing. Join Date: Oct 2001 Location: Calgary Exp:	Mortgage renewal question.. Just got docs to renew a mortgage, and the existing mortgage is at prime - 0.8%. The options they list as choices are all worse than that (5 year variable 3%, 5 year open variable 3.8%, 5 year fixed closed 5.29%), do I have to accept one of their choices? Or can I "do nothing" and renew at the current terms? __________________ Uncertainty is an uncomfortable position. But certainty is an absurd one.