Joined: Dec 2007
Posts: 123
mortgages
4/2/2008 at 3:56 PM
Does anyone know any general rules about renegotiating your fixed mortgage before the term is up?
With interest rates dropping, I'm thinking their may be an opportunity to get a lower rate, rather than waiting until my term ends in 3.5 years. I'm assuming there will be a penelty. Anything else to watch out for?