1082
What happened? Take me back
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 24 Aug 2024
1082 points (97.0% liked)
Memes
45755 readers
1601 users here now
Rules:
- Be civil and nice.
- 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
How do you have a mortgage change price? I don't get that? Both of mine haven't ever changed.
Mortgage payments cover insurance and taxes in addition to the mortgage itself. Unless you have a variable rate mortgage the portion of the payment going to the loan doesn't change but the amount needed to cover taxes and insurance can.
Oh okay. So I could just include the other charges when I say mortgage here in the states and I could say the same thing then.
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.
Do you have 10, 15, and 30 year loans up there?
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.