1 in 5 mortgages at major Canadian banks are negatively amortizing

1 in 5 mortgages at major Canadian banks are negatively amortizing

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Publish Date:
4 February, 2024
Category:
Mortgages
Video License
Standard License
Imported From:
Youtube

About one out of every five home loans at three big Canadian banks are now negatively amortizing. That means years get added to the payment term of the original loan because monthly payments are no longer covering anything but the interest.

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