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Re:Renting is Throwing Money Away, Right? (2015) by refurb on Monday April 23, 2018 @11:08AM (#16904047)
There is in Canada! Mortgages have 5-year terms, but 30 year amortization. When you renew at the end of your 5-year term, the mortgage company can ask for an appraisal and ask you to cough up enough money to maintain 80% loan-to-value.

That's even if you keep the exact same mortgage and bank.

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