Which BYC member scares you?

[Isadora]

A bicycle bell noise

A doorbell

 

[Isadora]

What they need is a BYC over 18 section where you can be at least a bit adult without whiners whining

That would be a scary section.

 

[Chookwagn]

Some people need to bleach themselves the. So they can lighten up. That’s ridiculous.

I have some cleaning gel I could send them

 

[bill3607]

But either way, it's for the life of the whole mortgage? As in, you don't have to reapply every few years?

A conventional mortgage (fixed rate) is just that fixed for the life of the loan unless you refinance for some reason such as a better rate

ARM depends. You can get a 3, 5, 10 year maybe some others. Stays the same until that period is up then goes to what the prime rate is at that time plus some. Could go up, could go dow, could stay the same. Normally, you only consider if you know you won’t keep the house long.

 

[The Moonshiner]

That would be a scary section.

No worries I'd Mod it

 

[bill3607]

But either way, it's for the life of the whole mortgage? As in, you don't have to reapply every few years?

But no reapplying

 

[The Moonshiner]

A doorbell

Are you saying Ding Dong?

 

[Isadora]

Are you saying Ding Dong?

 

[azurbanclucker]

But either way, it's for the life of the whole mortgage? As in, you don't have to reapply every few years?

Again, it depends. A "normal" fixed rate mortgage is a 30 year loan and doesn't change. However, as the market changes, you can refinance it to get a better rate, to pull out equity for improvements, etc... Most people do not go a full 30 years on their mortgages without some kind of adjustment. ARMS have built in adjustment periods in them. Say your initial rate is 3% for the first 5 years and then it can adjust. Then 5 years later it can adjust again, etc...

We have all kinds of variations on those themes involving length, ( you can see mortgage terms from 12 mnos to 30 years normally) specific terms for early repayments, selling the house, and on and on. In every case, the terms and conditions are spelled out in the contract and you're bound by them for the duration of the term of the mortgage.

I'm not a mortgage broker, I'm sure I'm missing a LOT of the details,

 

[tripletfeb]

Meant to post this earlier.

Only in the Grottoes.
View attachment 3151153

Why didn't you tell me you were in my town!?