Do you have an insured or previously insured variable rate mortgage?
If anyone wants to run their scenario by me, I have a spreadsheet that compares your current rate vs. proposed rate, and how much (if) you would save up until your current renewal. It factors in your penalty to break your existing mortgage as well.
I've run this scenario for multiple clients, and the savings have been north of $5,000 in most cases. Worst case you find out you're on the right path, and you stay put.
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