1 in 5 mortgages at major Canadian banks are negatively amortizing

[kevinUsa]

 

 

[kevinUsa]

Does it mean values of houses are upsidedown?

[Sreeven]

7 hours ago, kevinUsa said:

Does it mean values of houses are upsidedown?

Emo me Canada make teliyali..

[Thokkalee]

10 hours ago, kevinUsa said:

fixed payment and variable rate loans are a disaster.. not sure by banks are even giving these loans.. US lo ivvaru ee type loans.. a consumer will never be able to pay the loan completely in his lifetime unless the rates decrease.. 

[pakeer_saab]

36 minutes ago, Thokkalee said:

fixed payment and variable rate loans are a disaster.. not sure by banks are even giving these loans.. US lo ivvaru ee type loans.. a consumer will never be able to pay the loan completely in his lifetime unless the rates decrease.. 

one more to say CA is a $hith  ole