GE What a RIP OFF. Get you in with competitive rate and then in one cunning move become worse than the big banks. With more rate cuts looming I have no confidence in a company that basically saying its funding sources are in trouble. I don't like getting conned so I see two options.
1 , Wait for the governement's policy on lower exit costs and then make a swap
2. Refinance immediately and cop the cost to get a much much bigger gain in the future. Can refinance at 0.85% lower rate (7.55%) available at ANZ's One Direct. Could soon be 1.35% lower if Fed cuts another 0.5%. That's $280 month currently and possibly $450 / month saving. On a typical $400K 20 year loan that's $426K in total interest vs $376K, a saving of 50K.
 
I have requested a call from GE to discuss my loan but have had no reply.

Any suggestions?