Yeah, that totally makes sense. Most of them I would never touch personally, this one I probably would just because I personally am confident I can change it for the better in the next 10 years ( or sell it for more) but it all comes down to what you are personally comfortable with.
Interesting Perspective on Housing, as a Canadian our market is similar in structure, albeit a bit more regulated, it's interesting to see different products offered by lenders, Here in Alberta the housing is stable in terms of pricing but since the Bank of Canada raised our interest rates (similar to yours) it cooled the market off in the hot areas, this means more rentals and people choosing to move to more affordable places, its the number one reason to get a good relator and lender when making the largest investment of your life. Real estate is emotional so having the checks and balances have never been more important than now!
The way our government is printing money, inflation has me really hesitant on an ARM.
Yeah, that totally makes sense. Most of them I would never touch personally, this one I probably would just because I personally am confident I can change it for the better in the next 10 years ( or sell it for more) but it all comes down to what you are personally comfortable with.
@@LifeInRapidCity I completely agree
Interesting Perspective on Housing, as a Canadian our market is similar in structure, albeit a bit more regulated, it's interesting to see different products offered by lenders, Here in Alberta the housing is stable in terms of pricing but since the Bank of Canada raised our interest rates (similar to yours) it cooled the market off in the hot areas, this means more rentals and people choosing to move to more affordable places, its the number one reason to get a good relator and lender when making the largest investment of your life. Real estate is emotional so having the checks and balances have never been more important than now!