I have been talking with my current mortgage company as we have been very happy with them. They have offered us 2.59% down from our current 3.09% so we will for sure be changing our rate as it makes sense even with the small penalty. We used a broker when we found our current company and she was very helpful. She actually made sure we had a mortgage that allowed us to pay off as much as we like (I think we do have a cap of a lump sum of $85, 000 per yr, like that would ever happen). My sister is actually a mortgage broker so I have been asking her as well, however she is quite young and just obtained her first mortgage a few months a go. I was just looking for other opinions as well. My husband would like to change our rate and not change our amortization at all. After all, we can do this down the line if we really need to. I just didn't even realize this was an option! He is right in that it really makes sense to become mortgage free just as our kids would be starting university if possible.