REVscene Automotive Forum - View Single Post

hud 91gt · 04-19-2022, 10:48 AM

Not sure about other banks, but anyone who has renewed their mortgage in one of those BMo Readiline variable things…. Your payments don’t change a bit unless you want them too. Your amortization goes through the roof, but no one’s losing their home unless interest eventually exceeds their monthly payment. The system is setup for never ending rising home prices.

04-19-2022, 10:48 AM	#21597
hud 91gt RS.net, helping ugly ppl have sex since 2001 Join Date: Feb 2002 Location: Vancouver Posts: 8,420 Thanked 4,042 Times in 1,563 Posts Failed 35 Times in 27 Posts	Not sure about other banks, but anyone who has renewed their mortgage in one of those BMo Readiline variable things…. Your payments don’t change a bit unless you want them too. Your amortization goes through the roof, but no one’s losing their home unless interest eventually exceeds their monthly payment. The system is setup for never ending rising home prices. __________________ Crush - 1971 Datsun 240z - Build Thread The Daily - Rav4 V6 - “Goldilocks”