We can’t say it hadn’t crossed our minds, either.
Everyone is trying to figure out a way to take advantage of today’s historically low mortgage rates, and those with fixed mortgages are wondering if it’s worth taking a penalty hit. There is an interesting take on this on ctv.ca, which you can view by clicking here.
Try running the numbers through this federal government site, which was designed by a business professor at York University. If you can save yourself a few hundred dollars in interest over the course of a year, why not?
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