Quote:
Originally Posted by gatorfast
When talking Canadian mortgages, I am assuming something like a 5 year fixed has the amortization profile of a 15-30 year note with a balloon right?
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yes on the amortization but that's for the whole amount. you may be able to get someone to write one with a balloon, we can do that on some cars now but it's not commonly offered at the big banks that i've seen.