You are viewing a single thread.
View all comments View context
1 point

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

permalink
report
parent
reply
3 points

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.

permalink
report
parent
reply
2 points

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.

permalink
report
parent
reply
1 point

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.

permalink
report
parent
reply
1 point

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

permalink
report
parent
reply
1 point

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.

permalink
report
parent
reply

Memes

!memes@lemmy.ml

Create post

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.

Community stats

  • 8.5K

    Monthly active users

  • 6.2K

    Posts

  • 42K

    Comments