Portfolio Mortgages Good or Bad?

[Jorge Ruiz]

Hello BP! Was looking at what different banks have to offer. Ran across something called a portfolio mortgage. This is what I am seeing:

• Initial interest rates are lower than traditional fixed rate home loans
• You'll enjoy a guaranteed interest rate for up to 10 years
• Gives you the most home for a low initial payment

This all sounds good. Is there any cons? I do plan on using the BRRRR strategy.

Looking forward to your responses BP. Thank you.

Best, 

Jorge