• howrar@lemmy.ca
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    2 months ago

    I think it’s typical to get a 5 year contract and having to renegotiate a new mortgage at the end of said contract. At least, it is here in Canada. Rate goes up, monthly payment goes up.

      • howrar@lemmy.ca
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        2 months ago

        They exist, but from what I hear, they’re very hard to get. I would’ve loved to get 30 years with the interest rates I had five years ago.