Financial Crisis - How to Protect Yourself
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Thanks, Barbara, it doesn't work like that here in the US so we are lucky in that regard. It must be very scary with the variable rates for the other folks.
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gold may be confiscated by the gov like it was in 30s. great advise! buy silver
canadian dollar? muhahahhhaa
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pay your debts!!! ahahahahahahahahahaha
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fail
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I am surprised that you say to get into a variable interest rate. I always thought it was safest to get the lowest possible fixed rate for your mortgage. Doesn't a variable rate leave you at great risk?
Thanks,
JBD
Katie17ch 2 years ago
Good question! The trouble with the fixed rate is that it ties you into a deal with the bank. This is ok if you don't decide you want to sell during that fixed rate - then you will pay massive penalties. If you have a variable rate - you are free to move and change - sometimes it is best to have that freedom in these volatile times. This is a big subject and really has to be decided on a case by case basis. Thanks!
barbaragoldsmith 2 years ago