CBC MARKETPLACE EXPOSES UNDERSIDE OF BANK MORTGAGES
If you own a house and have a mortgage, you must get informed about what’s really
going on with bank mortgages. In fact once you’ve watched these episodes, you will be
shocked, disgusted, even appalled and angered.
Kudos to CBC MARKETPLACE for doing such a good job and a public service by
exposing the extent to which the banks have gone to gouge customers for the sake of
profit.
The episodes can be found on YOU TUBE. Look for COLLATERAL MORTGAGE or
COLLATERAL DAMAGE; COLLATERAL MORTGAGES - WHAT YOU NEED TO
KNOW; THE POSTED RATE SCAM about penalties, and IN DENIAL - MORTGAGE
INSURANCE CANADA. The last one is a real jaw dropper as we see real life examples
of how lives are being destroyed. Victims use the words SCAM, SNOW JOB,
ENTRAPMENT etc. and they are ‘pissed’ as was stated more than once.
We have had clients call current bank practices ‘criminal’. One recently said “They are
getting away with murder.” You may feel the same way after you watch. At the minimum
our banks our cunning, callous, deceitful, and all too powerful. They have honed their
craft with such precision down to a science.
After one episode about collateral mortgages TD and the other big banks promised
changes to explain in easy to understand language, both in branch and online. CBC
went back to 3 branches to test this out. TD failed miserably and it became clear that
the banks ‘filibuster’ like politicians do by not really answering the question asked, and
often not at all. Because they just don’t care.
You owe it to yourselves to learn as much as you can about current bank practices. You
owe this to yourselves, especially if you are homeowners. Stop letting the banks take
advantage of you.
The old Mr. Potter (banker) was crafty. Today’s Mr. Potter is more than cunning.
For your next mortgage ask yourself where you can find a mortgage you can trust that is
not dangerous to your financial health. It should be clear, that is not with any big bank.
We deal with over 40 lenders who have policies and practices that are fair and friendly,
and we invite you to sit down with us for a leisurely discussion that will benefit you
greatly.