More Canadians are opting for longer mortgage amortizations.
A Mortgage Architects study found that close to 40% of customers opted for amortization periods of 35 years or more. A major bank also recently reported that half of new insured mortgages are for 35- and 40-year amortizations, with 25% of refinances going for the longer loans.
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Making sense of the U.S. subprime mortgage crisis.
You’ve likely seen the headlines about the growing subprime mortgage mess in the U.S. What just happened… and why? And how is it affecting Canadian homeowners?
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