Ah, so like ten years fixed and then it is a variable rate past that? How does that feel?
It feels good at the moment! Which is why I am hoping to knock most of it out in the next 8 years so as not to worry too much about the variable change.
The good news is, with our low rate (3.75), I have been paying extra each month.
It is definitely all relative. US earn relatively more than us in Finland too :)
I don't know about that last part. I'm in the public sector. I don't make squat! When we find a house to buy again I would love to get a 15 or 20 year mortgage versus a 30 year one.