Dear Ari,

Each bank is different and the penalty that you end up paying will depend on your contract. For example you might have to pay an early repay fee plus 1years interest on orginal loan amount. If you are going to sell it than it would be much better to be on a variable rate. i don’t think the rates will move up that fast in the next two…[Read more]

Thanks for the advise people. It has helped me out a lot.[]