Quote:
Originally Posted by Z3guy
It can, but it is normally a higher interest rate, same as a variable Vs fixed mortgage. Yes to your second question.
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Is there a "balloon payment" with homelines? Been reading up on this and that kept popping up. Never recall having that in my previous mortgage. Pretty much I'm looking to buy a property overseas but the mortgage rates here are much higher than 2.7% or whatever the fixed rate equivalent will be in Canada.