Birdwatch Note Rating
2023-07-07 05:49:15 UTC - NOT_HELPFUL
Rated by Participant: F92903BAADF00E41A39707801740F2BA2860AEBA1CE1152D7F033AD3EA266924
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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