3 ms·
How to buy a home in the US is weird and baffling to me, everything is different from what I'm used to. The interest rate discussion is one thing, I don't unde
by henrikschroder 11y ago
How to buy a home in the US is weird and baffling to me, everything is different from what I'm used to.
The interest rate discussion is one thing, I don't understand why everyone here is only talking about a long-term fixed rate mortgage, where I'm from, everyone advertises the lowest variable rate. Coincidentally, Stockholm has a crazy housing bubble, so there's that.
- forgetsusername 10y ago>where I'm from, everyone advertises the lowest variable rate I'm actually Canadian, and that's how it is for here too, for the most part. The longest fixed-term you'll get from a mainstream bank is 10 years. But in the US, I think, you can get 30 year fixed mortgages. Which is...crazy. And also why buying at these low rates is a steal.