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8sPOT · 10-23-2012, 07:16 AM

If you have an $8000 penalty that means you have a fairly high rate. You will probably save a fair amount over the term of the new mortgage. As I'm assuming you will have a much lower rate.

10-23-2012, 07:16 AM	#11
8sPOT Powerplay Quarterback Join Date: Sep 2002 Location: Calgary, AB Exp:	If you have an $8000 penalty that means you have a fairly high rate. You will probably save a fair amount over the term of the new mortgage. As I'm assuming you will have a much lower rate.