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.

  • karlhungus@lemmy.ca
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    1 year ago

    In the past when. I’ve done this calc renting was worth it till you’d lived at a place for about 5 years. Don’t think this flat statement is true even now