Canada Rarely Allows Interest-only Loans
It is possible, though extremely rare, to obtain a Canadian Interest Only payment or first few payments on a standard amortizing mortgage.
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“What makes the United States government, on the whole, more tolerable—I mean for us lucky white men—is the fact that there is so much less of government with us.... But in Canada you are reminded of the government every day. It parades itself before you. It is not content to be the servant, but will be the master; and every day it goes out to the Plains of Abraham or to the Champs de Mars and exhibits itself and toots.”
—Henry David Thoreau (1817–1862)
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—Henry David Thoreau (1817–1862)
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