Submitted by brinkofwarz t3_yfmrwi in wallstreetbets
Sullimd t1_iu498mp wrote
Why is his mortgage skyrocketing? The only way thats a thing is if he got an adjustable mortgage at the same time interest rates were at an all time low. You’ve been able to get a mortgage for 3% for the last 2-3 years now. So if he got an adjustable mortgage he deserves to lose it.
MainMedicine t1_iu4ydkr wrote
OP is bullshitting for upvotes and doesn't actually understand how real estate work.
brinkofwarz OP t1_iu5skhr wrote
He got variable, it was lower than fixed so it's better!
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