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1 in 5 mortgages at major Canadian banks are negatively amortizing
Posted
October 5, 2023
Views
283,968
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687
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October 5, 2023
283,968
687
372
0.37%
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3:19Now PlayingAbout 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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