Quote:
Originally Posted by ranchlandsselling
Which is always the borrowers responsiblity. I always tell people borrowing money to make sure they've not borrower as much as they can because rates can change, your payments will be higher at renewal and being house poor sucks A$$! That said, in the end the borrower usually does what they want.
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I thought even if rates go up most banks offer you a longer term for the mortgage instead of a higher payment.