Thank you, Mr. Chair.
Welcome.
Thank you, Mr. Sample. If it's all right with you, I'll direct my questions, and you can parcel them out as you wish.
All lenders don't have the fixed-payment variable term mortgage, as you discussed. For those who do, my understanding is that, even though a borrower could be in a negative amortization experience now, i.e., you're adding to the principal you owe every month, upon renewal, the way the mortgage market works, you need to go back to the original amortization period when you signed your mortgage. For example, if you signed a 25-year mortgage, when you renew at year 20, you actually have to amortize what you owe on the 20, not on 25 and not on 30—if you don't want to shop and requalify and go to another institution.
Do I have that about right?