RE:RE:RE:RE:RE:We are having are cake and eating it- they GOT RID of the 30 YEAR INSURED MORTGAGES in Canada to BRAKE the GROWTH of RUNAWAY DEBT
- NOW, they are REPERMITTING IT to LOWER MONTHLY PAYMENT AMOUNTS to make OWNING a HOME MORE AFFORDABLE with RELATIVELY HIGH interest rates
- three months ago, I TOLD a family member to LOCK IN 6.00 % FIXED mortgage for 7 YEARS as I DID NOT TRUST the BANK'S ADVICE to go for VARIABLE RATE and than LOCK IN as RATES DROP
* it was STILL a RIPOFF as I had found a 5.18% FIXED RATE for 7 years but the PERSON REFUSED to SWITCH MOTGAGE LENDER {it was a RENEWAL} - TALK ABOUT HOSTAGE customers
LOL !
- NOW, NO RATE CUTS since then {they were EXPECTING it in March} and US has to PAY OFF and REFINANCE $ 2 TRILLION in DEBT this year with RISING INFLATION due to HIGHER crude oil prices
z173