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jtomm

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jtomm

Re: None

Saturday, 08/12/2023 5:17:42 PM

Saturday, August 12, 2023 5:17:42 PM

Post# of 113891
Worth a read. Canada's been offering "variable-rate, fixed-payment mortgages" where the negative amortization, as rates move up, just gets tacked onto the loan amount . . . all the way to infinity. I'd have to guess the average, non-financial person who just wants to buy a home has no clue of the risks. Appalling:

https://archive.ph/Ig4kc
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