Have fixed payments on a variable-rate mortgage? Here’s when you’ll really start to feel the pain of rising rates
General Angela Calla 16 May
If you have a static payment Variable Rate Mortgage (where your payment does not change, even if the Prime Rate rises), here is a decent article about the “Trigger Rate” (This was something I also wrote about in my book The Mortgage Code). The Trigger Rate is reached once your payment is no longer enough […]
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