[Hondaracer]

So I’ve got 14 months left on a 5 year fixed at 2.4, originally 25 year amortization

By doing a blended rate renewal I will be keeping that 2.4 rate for the remaining 14 months but the remaining time on the new mortgage will be at the current rate. And by lowering my amortization hopefully I can get the best rate, 1.9 or so I’m thinking

And by doing this with my current bank I *should* avoid any penalties. Frankly I’m not entirely up on the whole situation however my mom writes mortgages for coast capital for the last 25 years and she kinda laid this scenario out for me and said it shouldn’t be a problem so we will see