The ideal is not to have a mortgage, but if that is something that is needed you have to do your homework.
My daughter has a very low mortgage rate, she always kept her eye on the rates and when the rates were dropping, she refinanced, she did this twice that I know of and has a fixed mortgage.
Some people go into these things with blinders, looking for the best deals at the time which are flexibles, without considering that the rates they have agreed to can increase.
There is an informative movie titled "The Big Short" I think everyone should watch, it somewhat touches on flexible mortgage rates.
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