6 figures 6 certs brehs, you on a variable or fixed rate mortgage?

[BlackBall]

Fixed rate 3%

 

[Gloxina]

absolutely NOT on a variable rate mortgage. go with the fixed and refinance when rates drop.

^^^


People think they’re disciplined enough to get in a variable and refinance before the rate changes…

And get caught with a crazy rate

 

[Secure Da Bag]

variable

Fixed.

Variable.

Variable rate loan would not be wise.

 

[Secure Da Bag]

you going variable you better have long-term money, great credit, and probably the option to pay it off very quickly.

otherwise, get fixed rate and remortgage in a year or two.

 

[dark_magic]

Wanting input on what y'all think is better

No mortgage.


But if you are going to do mortgages, go fixed.
My preference is for 30 year over 15 year as well.

 

[-G$-]

locked in @ 2.75% fixed on a jumbo back in july 2021

 

[OneManGang]

Ya variable makes no sense. Just locked in my fixed rate conventional last week





At 6.25%
I can’t wait to refinance already. Need the feds to stall me out with these high ass rates

 

[BaldingSoHard]

2.875% fixed

 

[F*ckthemkids]

Fixed rate all day 2.99%

 

[CrushedGroove]

Fixed. 3.7%

 

[Mordith]

2.46% Fixed.

Variable rate mortgages were the primary reason for the housing crash of 2008.

 

[DrunkenNovice]

Not enough info provided

I’m assuming this will be your primary residence, so go fixed.

 

[broller]

Not enough info provided

I’m assuming this will be your primary residence, so go fixed.

Yeah primary

 

[WesCrook]

absolutely NOT on a variable rate mortgage. go with the fixed and refinance when rates drop.

This is what did people in in 2008