Dilip and Geeta purchased their first home in 2012. They went to their Big 5 bank who had a 5 year fixed rate of 4.79%, but offered them a ‘discounted’ rate in the mid 3’s. This summer they finally got fed up hearing how their friends were all paying closer to 2.0% on 5 year variables. They went to their bank to ask about switching into a lower rate variable. Continue reading →