this post was submitted on 09 Dec 2023
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[Mortgage Is 'Just A Fancy Bullsh*t Word For Paying Rent For 30 Years To The Bank,' Says Real Estate Billionaire Grant Cardone — Here's Why Renting Could Be A Better Financial Move

](https://finance.yahoo.com/news/mortgage-just-fancy-bullsh-t-171148202.html?guccounter=1)

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[–] FlyingSquid@lemmy.world -4 points 1 year ago (3 children)

I mean they're really hard to get now. Even with really good credit.

[–] UNWILLING_PARTICIPANT@sh.itjust.works 9 points 1 year ago* (last edited 1 year ago)

Maybe I'm misinformed but I believe anyone can get a fixed or variable mortgage of whatever term they choose - the part that is negotiable is the rate on that debt.

So like with good credit or a bigger downpayment you can get a lower rate, but either way you can still probably get a 10% 5y fixed I think almost anywhere.

(I might be off - haven't looked at rates in a while)

PS. Sorry about that other rude person. There's nothing wrong with not knowing something, as long as you're willing to learn

[–] porksoda@lemmy.world 5 points 1 year ago

That's not true in the slightest.

[–] Dkarma@lemmy.world -4 points 1 year ago* (last edited 1 year ago) (1 children)

Lmfao.

No they're not hahah No wonder u don't own a house....too dumb

That's uncalled for. I'm dumb as shit and I have a house. Didn't even know what amortization was when I bought