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> see my 1.22% 20 years fixed mortgage melt away Wow, if you don't live in the US, where are you getting a 20 year fixed rate? Honestly just curious as I tho
by disgruntledphd2 5y ago
> see my 1.22% 20 years fixed mortgage melt away
Wow, if you don't live in the US, where are you getting a 20 year fixed rate?
Honestly just curious as I thought those were really only a US thing.
- markvdb 5y agoThe mortgage is in Belgium. Friends have even lower fixed rates. Some others have negative interest rates on their adjustable ones. Their bank literally pays them.
- disgruntledphd2 5y agoWow, I'd heard about that but it seems so alien to me here in ireland (we get at best 2% ten year fixed, and that's only under certain circumstances). Mind you, it's literally impossible to get evicted from your primary home here, which is presumably what drives the differences.
- tekknik 5y ago> Their bank literally pays them. How does this work? Do they get a free house and a check cut monthly? Or is the mortgage cheaper than what it would have been?