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Jul 3, 2024
9:21
:19
am
Windward_Coug
All-American
I learned recently that in Canada, the normal mortagage is 25 years and the rate
renews every 5 years. So those that currently are at 3% will see a massive jump in interest in a couple years. Crazy.
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Windward_Coug
Previous username
Eldoradocoug
Bio page
Windward_Coug
Joined
Feb 8, 2011
Last login
Oct 4, 2024
Total posts
10,241 (26 FO)
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Messages
Author
Time
👑
fredetteaboutit13
Jul 3, 8:55am
Yeah, but it sucks - I want to move - But not worth the 4% increase
MacroCougar
Jul 3, 8:57am
RE: Yeah, but it sucks - I want to move - But not worth the 4% increase
bruincoug
Jul 3, 9:01am
RE: Yeah, but it sucks - I want to move - But not worth the 4% increase
jaromp
Jul 3, 9:07am
Or 2.5 for 15
Adrielle
Jul 3, 9:02am
How about 1.875% for 15 years?
CPAcoug87
Jul 3, 9:03am
Great rate but 3% at 30 years would be better
johnnybyu
Jul 3, 9:04am
It depends on your goals and your age
Adrielle
Jul 3, 9:10am
It depends on what your goals are. Mine were to have my house paid off before 50
CPAcoug87
Jul 3, 9:50am
If you are maxing your retirement savings and HSA out then may make some sense
johnnybyu
Jul 3, 10:41am
Golden handcuffs.
Longseason
Jul 3, 9:05am
And I was close to renting back in 2019
Pretorian
Jul 3, 9:09am
2.6% for 30 years. I am probably never moving.
cougarfann888
Jul 3, 9:12am
During the process my went from 2.4 to 2.7. Thought I missed the boat
Kale
Jul 3, 9:14am
Same, I just wish I had pulled out more cash on the refi. I have like 66% equity in my house right now with
supertux
Jul 3, 9:15am
Too bad our starter home is now our forever home because of our low interest ra
Magneto
Jul 3, 9:19am
Just be grateful you own a home!
runnincoug
Jul 3, 9:22am
I wish I would’ve bought more home and stretched a little bit more.
Magneto
Jul 3, 9:24am
Now you buy your next home in cash!
Bainge
Jul 3, 9:24am
I learned recently that in Canada, the normal mortagage is 25 years and the rate
Windward_Coug
Jul 3, 9:21am
Yeah it's likely to cause another mortgage crisis when their payments all double and they can't afford them anymore
jaromp
Jul 3, 9:26am
UK is similar, the rate isn’t fixed for 30 years
NanoFab Coug
Jul 3, 9:27am
The looming recession will be as large as 2008
chismoso
Jul 3, 9:39am
Thank you! Thank you very much!
BYU Grounds
Jul 3, 11:11am
2.5% for 30
greatbam
Jul 4, 12:16am
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