real estate financing: Non-traditional mortgages... are they worth the hype? - 10/11/06 02:27 PM
There's a lot of talk lately about non-traditional, customized, private, long-amortization and what-have-you mortgages and what that might mean for the Canadian Real Esate market and Economy given what is presently occuring in the United States. So, is there anything to worry about? Do these new ways of financing homes provide wider opportunities for people who wouldn't otherwise be able to won property... and is that ultimately beneficial for them? Who knows?
Well, for one, not me. The real problem with many of these newer and rickier mortgaging options is in relation to the consumer who they are given to. A 30 … (0 comments)