@Mateng@kbin.social avatar

Mateng

@Mateng@kbin.social

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readbeanicecream,
@readbeanicecream@kbin.social avatar

@RMiddleton Yep. Means the author removed a letter from the word. So in the image above the author removed a d or s from the word waive. It just helps the quote make sense in context of the passage.

RMiddleton,
@RMiddleton@kbin.social avatar

For some reason I have never noticed this before, or else I have just forgotten it in the 3 decades since I was in college.

Drusas,

It's worth noting that this is nothing to do with legal writing in particular. You'll find this in all academic writing as well, and in journalism.

mPony,

Your analysis is correct. This is how you attribute a quote where you have removed a letter for readability in a different context.

Melpomene,
@Melpomene@kbin.social avatar

Looks like the lowest I can go is around 6%, which makes renting a better proposition for me.

ferallettuce,

@Mateng

@briefingWizard936

Loan term refers to the total life of the loan. A 10 year term would mean you could pay off the loan in 10 years through making minimum payments.

Are you referring to an adjustable rate mortgage (ARM)? That’s what’s they’re called in the USA. ARMs haven’t made a lot of sense in most cases as of late.

What does lending look like there? Do you all do 30 year mortgages too? Do you have an option for a fixed rate mortgage?

-spam-,
@-spam-@kbin.social avatar

In Australia but we are just over 7% on our variable rate. Think 2 years ago it was down at like 3.something%.

Our reserve bank keeps upping the cash rate to "combat inflation" but all that is doing is making those of us with home loans give the banks more of our earnings while we already couldn't afford to splash out.

Mateng,
@Mateng@kbin.social avatar

No, what I meant was a fixed interest rate over 10 years (German: Zinsbindung). The loan is over ~30 years.

After 10 years, we can decide if we change the lender or stay with them. The lender can decide on a new interest rate.

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