Hi,Thanks for your replies so far.Richard, I don't have a line of credit against my residential property, nor an offset account against the loan. I'm very cautious when it comes to line of credits or maxing out a loan for an IP (as is the case here) to pay off another loan. Although I do see where you're coming from.I'd like to think if I cross…[Read more]

I work for a bank and see such fees on a daily basis. Most I had seen was about $30,000, and that was for a $2.5 mil loan. The way the fixed break costs are calculated is quite complex, and people should really be informed of the fees and charges involved before they go and fix their loan. Then again, most may not fix it, if they knew the exit…[Read more]