Death of 30-year mortgage amortization in Canada

The 30 year amortization is going to end in Canada as of July 9, 2012. This  means: payments will rise 12.5% max qualifications will drop by 9% and 40% of the folks who took out mortgages last year would be in different products than they chose. Other important facts from this announcement include: - Property [...]

Source: http://www.canadianpersonalfinance.com/death-of-30-year-mortgage-amortization-in-canada.html

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