[kkoste]

And then there is the 'slanted' conversion where you refinance from a fixed mortgage to a variable mortgage. Or vice versa.

In all cases it depends on your situation. How many years are left on the loan. Have your disposable income changed such that you can pay off more in which do you want to change the loean from a 30 year loan to 10 year loean instead.

It takes some serious thinking.