About one out of every five home loans at three big Canadian banks are now negatively amortizing, which happens when years get added to the payment term of the original loan because the monthly payments are no longer enough to cover anything but the interest.

  • Smk
    link
    fedilink
    arrow-up
    1
    ·
    1 year ago

    Repair cost can be high too. Roof,drains, etc.