This translation has been automatically generated and has not been verified for accuracy.A pandemic financial hardship story has revealed the expensive trap built into mortgages offered by big banks.
An Ontario real estate agent recently decided to put her house up for sale because her income had dropped as a result of the pandemic. AsStory continues below advertisement The pandemic is an example of the kind of out-of-nowhere event that forces people to bail on a mortgage. This can happen even in good times – you get a job in another city, or become ill and need to move to change your living arrangements.
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