Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - B.C. Government to offer downpayment loans for first-time home-buyers

Fuzz · 12-16-2016, 07:08 AM

It is basically a way of making an ARM, with 5 years interest free, then bam, you have to pay interest on that plus your mortgage. And we all know what ARM's did to the US. This could be really bad in a rising interest rate environment.

12-16-2016, 07:08 AM	#50
Fuzz Franchise Player Join Date: Mar 2015 Location: Pickle Jar Lake Exp:	It is basically a way of making an ARM, with 5 years interest free, then bam, you have to pay interest on that plus your mortgage. And we all know what ARM's did to the US. This could be really bad in a rising interest rate environment.