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/biz/ - Business & Finance

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56670903 No.56670903 [Reply] [Original]

Mortgage rates are at 8%. Is there any way to work around this? Is rent going up at the same rate?

>> No.56670951

I don't give a SHIT about rate. Principal is the only thing that matters.
>inb4 dumbfucks defending their spinning plates at 3%

>> No.56671210

>>56670951
Okay einstein, riddle me this: how about a low principle AND a low rate? Hmm?

>> No.56671279

>>56671210
Cool it with your antisemitism.

>> No.56671285

>>56670903
Buy in cash

>> No.56671309

>>56671210
Go back in time.

>> No.56672494

Yes; consider looking for assumable mortgages. Drawback is a large downpayment is required. Govt loans are assumable and there are a few services like withroam that are working on marketplaces for these opportunities.

>> No.56672507
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56672507

>>56670903
Moms basement has great rates

>> No.56672580

>>56670903
Variable rate mortgages, larger down payments, or outright cash purchase

>> No.56672638

>>56670903
In my area, house prices are going up and almost every apartment has move in rent deals