this post was submitted on 24 Aug 2024
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What happened? Take me back (lemmy.world)
submitted 3 months ago by return2ozma@lemmy.world to c/memes@lemmy.ml
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[–] SynopsisTantilize@lemm.ee 1 points 3 months ago (5 children)

How do you have a mortgage change price? I don't get that? Both of mine haven't ever changed.

[–] howrar@lemmy.ca 1 points 3 months ago (2 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.

[–] SynopsisTantilize@lemm.ee 1 points 2 months ago (1 children)

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

[–] howrar@lemmy.ca 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.

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