Quote:
Originally Posted by Sluggo
The second assessment was delayed 1 year ago because of Covid so now my roommate and I have the prospect of renewing for nearly double the previous rate (4 year term), if that is even how it works...
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I'm confused on this - it sounds like you're talking about a mortgage renewal? Why would an assessment lead your rate to double? I can understand if the 40k is being folded into the principal, maybe, but even in that case the rate doubling seems crazy.