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I believe quite the opposite: any kind of variable rate mortgage is a toxic product. It's a way of saying ,,I give you a loan but I don't tell you how much mor
by xiphias2 3y ago
I believe quite the opposite: any kind of variable rate mortgage is a toxic product.
It's a way of saying ,,I give you a loan but I don't tell you how much more money you have to pay me back, maybe 5 times more interest as you may think now''.
- automatic6131 3y agoThat's because you've only thought about it for 5 minutes, or your don't know much about finance, and definitely that you haven't read the article in question.