Randy Selzer's Real Estate Podcast

What is a Trigger Rate? Today's special guest Denise Pisani and I discuss the Mortgage Trigger Rate situation with variable rate mortgages. Topics include: - fixed rate mortgage vs. variable rate mortgage - 2 types of variable rate mortgages - adjustable rate mortgages (ARM) - variable rate mortgages with a fixed payment (VRM) - what to do when you get a trigger rate letter from the bank - trigger rate options: lump sum payments, extended amortization, increased monthly payments - what to expect in 2023 #mortgagetriggerrate #realestate #variableratemortgage