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elwoodblues
Elwood Blues
Premium Member
join:2006-08-30
Somewhere in

elwoodblues to EUS

Premium Member

to EUS

Re: [Serious] Banking on your home resale price to retire?

said by EUS:

Thankfully we can renew every few years, else I wouldn't be @ 2.25% right now, I'd be stuck with my starting rate of 4.59%

You were probably lucky, most banks want interest differential payments now. the money they'd "lose" by allowing you to renew at a lower rate.

This 3 months interest business is pretty much gone.

EUS
Kill cancer
Premium Member
join:2002-09-10
canada

EUS

Premium Member

Alas, I have to renew this month, and because of house hunting I will have to choose an open mortgage so that I can exit without penalty, which translates to a 1% increase in rate.