Translation of "Level-payment mortgage " (English → French) :

Benchmarks are also used for oil price assessments, stock market indexes and the level of personal mortgage payments.

Montreal business consultant Yvon Plante, MBA, stated in a March 27, 1997 report that the Grand-Mère Inn had a long term debt of $1.49 million, $350,000 above a manageable level; lacked $250,000 in working capital and required a $350,000 investment; had compiled $330,204 in unpaid bills, an amount considered by Mr. Plante to be three times an acceptable level for a company of its size; had scheduled mortgage loan payments totalling on average more than $210,000 annually between 1998 and 2002, payments which Mr. Plante viewed as unthinkable given the firm's financial situation at the time; had no well trained accountant; had no budge ...[+++]t; and had no standard bookkeeping system, resulting in management not being able to obtain a monthly financial statement of the company's revenues versus expenses.

Interest rates were up to the 20% level. I paid over 21% on that first mortgage for the first five years, and it was almost impossible to make those payments.

What is ironic is that the level of household debt was caused, in part, by the decision of the Conservative government to introduce 40-year mortgages with no down payments.

(a) interest paid, or credited to an account, relating to debt-claims of every kind, whether or not secured by mortgage and whether or not carrying a right to participate in the debtor's profits, and in particular, income from government securities and income from bonds or debentures, including premiums and prizes attaching to such securities, bonds or debentures; penalty charges for late payments shall not be regarded as interest payments, nor shall issue premiums, provided they do not have the effect of increasing the annual yield rate of the debt claim to a level more than 75 basis points higher than the nominal rate ;