u/ArtisticStatement912

Long time lurker on this sub. Have been contemplating Smith Manoeuvre for a while but haven’t been able to proceed due to a lack of understanding the strategy previously. Have been educating myself and was feeling pretty confident going into a renewal this year. UNTIL I learnt that it’s also possible to execute the strategy by using funds from a locked-in mortgage segment. The locked in rates are obviously better than Heloc rates, so why not? Reaching out to members of this group to ask if anyone does it with a locked in segment. Are there any implications of using a locked in segment (other than the fact that there may be a penalty to break the mortgage if I need the funds - which I wont), but anything else? What am I missing?