Birdwatch Note Rating
2023-07-07 00:46:07 UTC - HELPFUL
Rated by Participant: 87E270FCAC325BD8A69371519DFDE0A6DAB0ED1BD08A077ED3432D7C2ACA2FD7
Participant Details
Original Note:
The article from the Toronto Star is disingenuous and implies that such a mortgage can be purchased from a bank. It is directly referring to a type of variable mortgage, that creates a “fixed-payment”, but changes the amortization period to account for inflation. https://www.thestar.com/business/2023/06/27/rising-mortgage-rates-fixed-payment-woes-some-homeowners-seeing-amortization-periods-skyrocketing.html?rf
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