Which BYC member scares you?

[MACCanadianCoop]

Honestly, I might have to start doing that soon.

For real

 

[MACCanadianCoop]

Question

When you get a mortgage in the USA is it one interest rate for the full life of the mortgage (ie 30 years) or is it short term and you have renew periodically (ie 4 years)?

 

[The Moonshiner]

One rate for mine.

 

[sdm111]

Broke triple digit actual today

 

[Chookwagn]

Question

When you get a mortgage in the USA is it one interest rate for the full life of the mortgage (ie 30 years) or is it short term and you have renew periodically (ie 4 years)?

Interest rates are going up faster than fuel here

 

[ColtHandorf]

 

[MACCanadianCoop]

Interest rates are going up faster than fuel here

Same

 

[Chookwagn]

Same

it hurts

 

[azurbanclucker]

Question

When you get a mortgage in the USA is it one interest rate for the full life of the mortgage (ie 30 years) or is it short term and you have renew periodically (ie 4 years)?

Depends on the type of mortgage. You have fixed rate and adjustable here. Fixed rate stays the same over the life of the mortgage. An ARM typicxally starts under the normal rate but adjusts and can go up or down depending.

 

[ColtHandorf]

Isadorable and Saff are going to put me in my box.