Hi group

Right now i have a variable rate mortgage at prime-1. Not sure if I switch it to a fixed rate at this time. What do you all think.

Thanks for any suggestions

rsk

How much do you have left on your mortgage?

What is your flexibility in payments i.e. can you afford more payments per month?

What is your mortgage payment plan i.e. do you make yearly lumpsump payments, do you increase your payament every year, etc.

What is the best fixed rate you are able to obtain by shopping around?

Without knowing these things, no one can recommend.

And once you have answers to these, you will yourself have a pretty good idea what you wanna do

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

I would recommend you to talk to Pramod Chopra on this matter.

http://www.pramodchopra.com/

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