![Interest-Only Mortgages Have Come To Canada, But Do We Really Need This 'Innovation'? | HuffPost Business Interest-Only Mortgages Have Come To Canada, But Do We Really Need This 'Innovation'? | HuffPost Business](https://img.huffingtonpost.com/asset/5cdb73c32100003100d0c752.jpeg?ops=scalefit_720_noupscale)
Interest-Only Mortgages Have Come To Canada, But Do We Really Need This 'Innovation'? | HuffPost Business
![Interest Only Mortgage Time Bomb: $71 billion in Loans will Reset in next 12 Months. Total Loans Outstanding at $908 Billion. Average Balance of $324,000. Median U.S. Home Price $178,000. Interest Only Mortgage Time Bomb: $71 billion in Loans will Reset in next 12 Months. Total Loans Outstanding at $908 Billion. Average Balance of $324,000. Median U.S. Home Price $178,000.](http://www.mybudget360.com/wp-content/uploads/2009/09/fixed-rate-mortgage.png)
Interest Only Mortgage Time Bomb: $71 billion in Loans will Reset in next 12 Months. Total Loans Outstanding at $908 Billion. Average Balance of $324,000. Median U.S. Home Price $178,000.
![Interest-Only Mortgages Have Come To Canada, But Do We Really Need This 'Innovation'? | HuffPost Business Interest-Only Mortgages Have Come To Canada, But Do We Really Need This 'Innovation'? | HuffPost Business](https://img.huffingtonpost.com/asset/5cdb73c324000032007efe41.jpeg?cache=ZCO7LrVqMY&ops=1778_1000)