Category Archives: bank

CIBC Being Sued: Unfair payout penatly calculations continue

Posted on January 19, 2012 by

This is interesting. We have always thought that the way they do their math was odd or different or something. Another reason to use a good Calgary broker that has other options than the Big 6 banks that continue to … Continue reading →

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ING now has the evil & dirty collateral mortgage – like TD and RBC

Posted on December 5, 2011 by

Also see the article from earlier this year about TD and RBC offering the collateral mortgage – which is an “IOU” for every single $ you have. (http://blog.markherman.ca/2011/05/09/why-you-do-not-want-a-collateral-mortgage-from-td-or-rbc/ ) Essentially YOU give them the right to sue YOU into bankruptcy … Continue reading →

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Teetering on the edge of a rate hike – not all bad news

Posted on July 25, 2011 by

This article below is good news for everyone with a variable rate – as it looks like they will not go up that fast. The data below is the most accurate with out any hype that I have seen is … Continue reading →

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Mark Herman in the press on high-end properties selling quickly

Posted on May 30, 2011 by

High-flying stock market sends business to brokers Lingering caution at the big banks and wealthy clients increasingly bullish on the stock market are helping brokers claim their biggest share of high-end deals in years – with a Re/Max study helping … Continue reading →

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Variable rates are still really good.

Posted on May 30, 2011 by

It’s that time again. When Mark Carney and his cohorts ascend Mount Olympus once more for the latest round of talks to decide the immediate future for Canadian mortgage holders. The prevailing feeling however is that little will result from … Continue reading →

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Low interest rates seen sticking around – fuel for the Variable rate side

Posted on May 24, 2011 by

Low interest rates seen sticking around- great news for the variable rate people. Remember with a broker lender you lock-in at the best broker rate for the day when you lock in. With the banks you lock in at Posted … Continue reading →

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Bank “mortgage specialist” tells lies about mortgage brokers

Posted on April 26, 2011 by

Below is the short version of a mortgage broker insider tsunami. A RBC mortgage specialist wrote and handed out a sheet of complete lies about how mortgage brokers work and what we do. She, and RBC, are in a very … Continue reading →

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Experts best at brokering mortgage

Posted on April 18, 2011 by

Denise Deveau, Postmedia News · Mar. 30, 2011 | Last Updated: Mar. 30, 2011 4:04 AM ET Cheryl Hutton and Aaron Coates always thought getting a mortgage would be a challenge. But within 18 days of visiting a mortgage broker, … Continue reading →

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Beware sales pitch behind banks’ advice

Posted on April 18, 2011 by

Remember that banks are not your friends, they want you money. Thursday, April 07, 2011 Whatever your branch recommends, do your homework. Remember that banks are essentially sales operationsROB CARRICK rcarrick@globeandmail.com Friendly faces in a depersonalized, online world – that’s … Continue reading →

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