ST Alpha - "interest rate locked in for 1-2-5 years. rate is up for renegotiation...you don't have that in the US? -- nm" (Reading a Post)

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In response to ""Renewal"? -- nm" by Ender

interest rate locked in for 1-2-5 years. rate is up for renegotiation...you don't have that in the US? -- nm

Posted by Beaker (aka anniebecca) Jan 29 '15, 07:43

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Responses:

US interest rates are locked in for the entire amortization. -- nm - Reagen Jan 29, 07:45 4
- huh...that sucks -- nm - Beaker Jan 29, 07:48 2
  - not really - you can always refi, and having a 25 year mortgage at today's rates would be great. -- nm - Reagen Jan 29, 07:49 1
    - yeah, i'd lock in now for the duration if that was an option. -- nm - Andie Jan 29, 07:55
- You can get floating rates but to renegotiate you have to refinance the entire thing. -- nm - spamlet Jan 29, 07:47

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