this post was submitted on 20 Aug 2023
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[โ€“] JWBananas@startrek.website 2 points 1 year ago (1 children)

The user you are responding to has an account on a .ca domain. In Canada (as well as UK) it is more common for the rate to only be locked in for 5 years.

[โ€“] Dark_Arc@social.packetloss.gg 1 points 1 year ago (1 children)

Well that's lame... You guys should do something about that, as a US home owner, having a fixed rate mortgage is one of the best parts about owning vs renting.

[โ€“] JWBananas@startrek.website 1 points 1 year ago (1 children)

As a US non-homeowner, I'm not sure what you think I should do about it.

In Canada (as well as UK) it is more common for the rate to only be locked in for 5 years.

I think it's pretty clear I was talking about the folks you're referring to... not you specifically if you're not in that group... but fair enough.