Quote:
Originally Posted by chaze
Nah, don't invest in the US it's only going to get worse in the long run. Are whole country is based on credit and fake money. We will have to rebuild from the ground up before we will have any worth. Unless you can pay for the full price of the house don't bother.
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I'm just talking about renewing my current mortgage early, not taking on more debt.
It is due in about March of next year I think, so I guess it will probably be worth it to renew early and pay the penalty rather than wait based on what you guys are saying. I think I should be able to get about 4.55 at BMO right now for 5 years, going by the specials they have on right now, which is almost a full percentage point under what I am paying now.
I checked back in March and I think the penalty was about $1800 or so at that time.