A new report from insolvency firm MNP LTD. says more Canadians are facing a deteriorating debt situation, as high costs and elevated interest rates make it harder to pay the bills.
I can’t imagine having to completely re-adjust your budget every 3 years, despite making a 30 year commitment and shelling out most or all of your life savings.
We don’t have to renew in the USA. Someone else explained the way they work in Canada and yeesh! That’s hella lame.
Yeah, I was talking with a friend in US about this and he was absolutely shocked that you have to renew the mortgage every 3 years of so in Canada.
I can’t imagine having to completely re-adjust your budget every 3 years, despite making a 30 year commitment and shelling out most or all of your life savings.
it’s a completely nonsensical system