home loans: has anyone had to deal with..., page-7

yep.. I to have also looked into breaking my fixed loan on one of my properties..

Having said that, you really need to do the sums. I have a fixed rate of 7.89% p.a. for the term of the loan. In the last year, I have saved my self a decent amount of $$$ by fixing it while the variable rate has moved up to over 9%. Now the the variable rates have started to drop, and it is also anticipated that the rates are going to fall further, the cost to break out of a loan becomes more and more expensive the closer to falls back to your interest rate.

Its a tough one, but thats the way it is..