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A comment on The Era of Very Low Inflation and Interest Rates May Be Near an End. Parent comment

Re:The Era of Very Low Inflation and Interest Rates May Be N... by gascan on Thursday April 26, 2018 @06:13PM (#16936385)
Guys, don't downvote him. Many parts of the world do it like that- your 30yr mortgage is really a series of 5yr balloon amortized for a 30 year period. They don't have the option of a true 30yr fixed.
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Re:The Era of Very Low Inflation and Interest Rates May Be N... by refurb on Thursday April 26, 2018 @06:36PM (#16936594)
Correct. And I know for at least Canada there are circumstances where you can be denied a renewal if you don't meet income requirements.

Let's say you refinance from 2% to 6% and your mortgage payment exceed loan to income ratios, you might have to sell your home.

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