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What is mortgage amortization?
Bankrate via AOL· 6 months agoKey takeaways Mortgage amortization refers to the split between how much of your loan payment goes toward principal vs. interest. At the beginning of...
How risky is it to extend Canadian mortgage amortizations?
Reuters via Yahoo Finance· 11 months agoCanada's record pace of interest rate hikes has led to the repayment period for many variable rate...
OSFI preparing stricter capital requirements for some negative amortization mortgages
Financial Post via Yahoo Finance· 11 months agoCanada’s federal banking regulator is preparing to make banks hold more capital against certain...
Bank of Canada's record tightening campaign exposes lenders' mortgage risks
Reuters via Yahoo News· 11 months agoThe Bank of Canada's interest rate hike on Wednesday and prospects of more increases heighten risks...
Graduated payment mortgages: What are they and how do they work?
Bankrate via Yahoo Finance· 9 months agoKey takeaways A graduated payment mortgage, or GPM, comes with monthly payments that start small,...
Banks seek workarounds to avoid mortgage default for struggling variable-rate borrowers
Financial Post via Yahoo Finance· 2 years agoCanadian banks are attempting to ease the burden on homeowners who can’t keep up with the rapid rise...
Underwater mortgage: What it is and what to do
Bankrate via AOL· 3 months agoKey takeaways When you owe more on your mortgage than your house is worth, the loan is referred to as 'underwater,' or in a state of negative equity....
Mortgage trigger rate risk heightened if rates stay higher for longer
Yahoo Finance Canada· 2 years agoTrigger rates on variable rate mortgages have been thrust into the spotlight as interest rates jump....
Home Mortgage Disclosure Act (HMDA): What it is and why it’s important
Bankrate via Yahoo Finance· 7 months agoKey takeaways Passed in 1975, the Home Mortgage Disclosure Act (HMDA) requires financial lenders to...
Adjustable-rate mortgages: What they are and how they work
Bankrate via Yahoo Finance· 7 months agoKey takeaways Adjustable-rate mortgages (ARMs) come with an interest rate that changes at...
