Birdwatch Note Rating
2023-07-06 23:01:20 UTC - HELPFUL
Rated by Participant: D5FB6BD092EC85A2152CED1157D378A61F838A76D4D9C83F3F53178947DDF06A
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
All Note Details