Etiket: amortization
Should we fear negative amortization loans?
Due to the increased risk posed by negatively amortizing mortgage loans, the Canadian banking regulator has just adjusted its requirements for the country’s financial institutions. Updated yesterday at 6:00 a.m.…
Real estate: beware of the dangers of extending the mortgage amortization period
The Financial Consumer Agency of Canada (FCAC) warns banks and their borrowing customers against the growing temptation to use longer amortization periods as a mortgage burden relief measure. In his…