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KIT
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Sep 29 00:21 am
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All Comments by KIT »These Mortgage Rates Won't Be Here for Long [View article]
I have said this for years High interest mortgage is the time to buy. I am appalled by realtors who tell young people to buy before the house is out of reach in a run away market with low interest.
This sets them up or capital loss and good chance of payment failure down the road. Proof you can make payment in high interest times is future protection.
In Canada we dont have 30 year fixed mortgages 5 year max then you pay the going rate
On Sep 28 05:46 PM OptimizedPrime wrote:
> Yep, great time to buy. You know what happens when interest rates
> inevitably go back up? Your newly purchased house's value drops like
> a rock!