I believe quite the opposite: any kind of variable rate mortgage is a toxic product.
It's a way of saying ,,I give you a loan but I don't tell you how much more money you have to pay me back, maybe 5 times more interest as you may think now''.
It's a way of saying ,,I give you a loan but I don't tell you how much more money you have to pay me back, maybe 5 times more interest as you may think now''.