Have any of you heard of this?

[Harry01]

I heard this commercial on radio the other day...

Mortgage rate of prime - 2% (Variable ofcourse)

Also, it talked about how it would make sense even to break existing mortgage considering the amount of savings in place

Please advise...

[Harry01]

What is the typical penality rate for breaking a mortgage contract?

I am in a 5 year fixed variable rate contract...

[webworm]

Sounds like one of those Teaser Discounts off Prime for 6 months.