TeachMeFinance.com - explain Canadian rollover mortgage
Canadian rollover mortgage -- the standard home financing loan in Canada. Like standard mortgages in the U.S., the Canadian rollover mortgage is fully amortizing. However, it differs in that the loan's interest rate is subject to renegotiation every five years, with no limit or cap on how much interest rates , and therefore monthly payments, can increase during the life of the loan.
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