Have you ever looked at a fixed interest rate that was slightly lower than your one and wondered if you could get a better deal?  Did you wonder if it was worth the hassle?   Today I am going to share with you one of my mortgages and the exact figures of what happened when I looked at breaking a fixed rate and refixing it.  This is the exact figures from the bank, not embellished or exaggerated in any way.  Numbers don't lie! The mortgage was a small one of $43,477 It was fixed at 6.44% I was paying $350/fortnight It had 13 years to go There was an advertised rate of 5.99% for three years.  I wondered if that small difference in rate would make a difference.   The bank advised there would a break fee (it almost sounded like a threat and that it would make a really big dint in my bank account).  I asked them how much and they went away to find out and it was $72.94 The new mortgage looked like this: The mortgage was $43,477 It was fixed...