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[–] 26 points 3 years ago (11 children)

Reminds me how people who have been paying much more in rent each month for years, often decades, are constantly refused mortgages for being "high risk" 🤦

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  • [+] -2 points 3 years ago* (last edited 2 years ago) (6 children)
  • [–] 1 point 3 years ago*

    I am compelled to point out here that one does not have to go with a variable rate mortgage. I would say one should never go with a variable rate mortgage for exactly the reason you state.

    Additionally, rent is insane. One might not find cheaper rent, without getting help from the state. And if you make more than $60,000 a year, good luck with that.

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