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1 in 5 mortgages at major Canadian banks are negatively
1 in 5 mortgages at major Canadian banks are negatively amortizing
#mortgages #major #Canadian #banks #negatively
“CBC News”
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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