Post #2248 by DTB on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

Unthreaded | Threaded | Whole Thread (29)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 1

You can get a 30-year mortgage in Canada, but only if your down payment is more than 20%.

Really? I live in Canada and I've never seen one offered, and I've never known anyone who had one. I am intrigued that Germany has these also - I thought it was only the USA. I also don't know why banks in Canada and most other places cannot offer a 30y fixed rate mortgage. In fact, it is usually even better than a 30y fixed rate - if I understand correctly, most long-term US mortgages can even be renegotiated to a lower rate if rates fall (and can be held onto for dear life if rates rise.) How this would even be possible for banks to offer is beyond me, but maybe someone familiar with US banking can explain.

dtb

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (29)

Prev | Next

Announcements

Berkshire Hathaway FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.