I'm with GE too and was just looking at transferring out before all this happened. Was quoted a $3,470 exit fee. Man, wouldn't it be nice if the exit fee was waived and i could get a rate 2% cheaper than l'm on currently!!  It would certainly take the pressure off.

I just got of the phone from my mortgage provider only to be told that none of the 1% cut that happened earlier this month will be passed on to me . Currently with GE on variable rate of 9.55%. Thinking of refinancing but $3,470 penalty fee if l do.

Wish l'd known better when l trusted this mortgage broker. Not sure whether to ride it out for a bit longer and hope to get it down with the next few cuts or take the plunge and re-finance. Then choice of fixed or variable? Finance can be so hard to understand!

Hi suavemechanic

Could you give me a few more details of these guys. I knocked down my old kitchen over 6 months ago and sanded the floors but am looking at putting one in very shortly. Do they have a website?

Cheers
Suzie