Monday, August 27, 2012

New Products Allow Easy Home Ownership Despite Rising Prices

It is important however, to note that a consequence of these changes is that people who really cannot afford (and should not apply for) a mortgage will qualify and risk being foreclosed on when they eventually cannot afford the mortgage payments anymore. Canada's mortgage industry seems headed towards the high-risk housing market in the United States, which is now plaguing the U.S. economy as real estate prices fall.

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