Ten years, eh? Gee, I bet the women are just rushing to find such a committed man?

the neighbours are all taking their vacations
going to the dominican
and florida and cuba

they are still spending tons of money and buying
cars and trucks

well i would love to know when it will happen

i am fourty two and would like to find a woman
that wants to be loved and married for the next ten years
and grow our own food and care for one another

Also, American lenders write a mortgage for the full term (usually 15 to 30 years), not five year intervals with renewals (Unless that has changed since I lived in the U.S.?). Therefore, with a fixed rate mortgage the only thing will change will be taxes and insurance payments. The P&I remain fixed unless one opts for variable rate mortgage.

So you actually believe the interest only accumulates every six months on a Canadian mortgage, eh?

American banks charge compounded interest too, as do all the credit card companies.

I will put together a comparison between simple and compound interest and post it when I have more time. Remember that compound interest charges interest on the interest, whereas simple interest is only charged on the principle. That is my point.