• @[email protected]
    link
    fedilink
    157 hours ago

    Congrats! You’re now going to find out that some of your expenses will go down. Your insurance specifically and that unless you take out another loan on the house or got a balloon loan, your monthly bill won’t change. It’s a fun thing to find out.

      • @[email protected]
        link
        fedilink
        13
        edit-2
        7 hours ago

        It’s still a weird feeling when you’re 3 years later and everyone is complaining about their rent going up and yours is staying still. It kind of feels like cheating.

        • @bitchkat
          link
          English
          24 hours ago

          Insurance and property taxes are likely to increase.

            • @bitchkat
              link
              English
              14 hours ago

              I’m taking about their insurance rates going up in the three year span you me mentioned. Just saying their “rent” is unlikely to stay the same.

        • @[email protected]
          link
          fedilink
          3
          edit-2
          5 hours ago

          100% agree. It’s crazy that we have 30 year fixed rate loans with basically no penalty to refinance. Don’t get me wrong, it’s working for me, but I wish it was different because it’s so unfair.

          • @[email protected]
            link
            fedilink
            3
            edit-2
            4 hours ago

            I think you misunderstood me, rentals should have more of limit on how much they can raise the rent, not that banks should get more money from homeowners. I guarantee that banks are making a shit ton of money or they wouldn’t do it.

          • @bitchkat
            link
            English
            14 hours ago

            What is unfair about it?