this post was submitted on 24 Aug 2024
1078 points (97.2% liked)

Memes

45718 readers
1036 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 2 months ago (1 children)

I think it's typical to get a 5 year contract and having to renegotiate a new mortgage at the end of said contract. At least, it is here in Canada. Rate goes up, monthly payment goes up.

[–] [email protected] 1 points 2 months ago (1 children)

Do you have 10, 15, and 30 year loans up there?

[–] [email protected] 1 points 2 months ago

They exist, but from what I hear, they're very hard to get. I would've loved to get 30 years with the interest rates I had five years ago.