Self-employed after being laid off several times from downsizing magazines, Ms. Capraru, 59, has absorbed three interest-rate increases by the Bank of Canada since July, maintaining her payments on the $70,000 outstanding on her home-equity line of credit, as well as a variable-rate mortgage and …
The post Home truths: The financial product that turned into a $207-billion debt trap appeared first on Consumer-Mortgage.
source http://consumer-mortgage.com/home-truths-the-financial-product-that-turned-into-a-207-billion-debt-trap/
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