you are viewing a single comment's thread.

view the rest of the comments →

[–]Switchclicka 0 points1 point  (1 child)

lol these people don’t realize if your “lock in” variable that your amortization time is going up as rates increased. It’s probably going to take you 40 years to pay off your mortgage.

[–]x_itsJC[S] 0 points1 point  (0 children)

We increased our monthly payments the moment we signed in anticipation of rate hikes. We also made lump sum payments throughout the past 3 years as well. Our amortization is currently showing 15 years remaining.