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Posted by: Tracy Luciani Price
We have been warning clients for years about bank collateral mortgages but now we are seeing the effects on people’s lives first hand. Collateral damage is a term that means damage that is unexpected, and is no fault of yours. “I had absolutely no idea the bank had tied up $200,000 of our equity,” said […]
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With both the resale (it’s a crazy sellers market) and new home inventory for sale in CW so extremely low thus far this year, area residents are turning to refinancing their homes with great zest. Everyone knows that the value of their home has gone up considerably over the last couple of years in particular, […]
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The Financial Post reported that TD Bank stock has been downgraded after CBC News reported allegations of aggressive sales tactics and admissions of law-breaking by bank employees last week. Admissions of high pressure sales tactics and unethical practices including “breaking the law with practices such as increasing lines of credit, overdraft protection and credit card […]
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Finally bank greed has been exposed mainstream. We can only hope this is just the beginning because the pendulum has swung way way too far in the banks’ favour and it’s high time it be stopped. This time it is not just an isolated incident that a bank can sweep under the rug, it’s much […]
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Ron and I are celebrating our 15th anniversary as mortgage professionals, together. We started in Mount Forest and moved to Fergus/Centre Wellington seven years ago and have never looked back. We love this sweet, safe, simple, lifestyle in this wonderful thriving growing community so close to everything. We so love the people, the locals who […]
Read MorePosted by: Tracy Luciani Price
Finally bank greed has been exposed mainstream. We can only hope this is just the beginning because the pendulum has swung way way too far in the banks’ favour and it’s high time it be stopped. This time it is not just an isolated incident that a bank can sweep under the rug, it’s much […]
Read MorePosted by: Tracy Luciani Price
There may finally some progress being made with the Federal Government after Dominion Lending Centre’s Founder and CEO, Gary Mauris, presented to the Standing Committee on Finance in Ottawa on February 8th about the imbalance in the Government’s new mortgage rules. In October 2016, the Federal Government made changes that are limiting and threatening to […]
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We all know the saying, “ignorance is bliss”. Sometimes it is, until it bites you badly. We see it all too often, especially with couples. One is more of a spender than the other. One is more of an earner than the other. One is more in touch with finances with the other. They both […]
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It’s more common than we realize and it’s very difficult to talk about. While most victims of domestic abuse are women, we acknowledge that this does happen to men as well. In this article, we will be sharing our experiences from a woman’s point of view. This is a highly emotional topic and one that […]
Read MorePosted by: Tracy Luciani Price
With some pride when we do the initial analysis client announces I only have $120,000 mortgage. With a house worth $450,000, the client is almost giddy with excitement that their mortgage is almost gone. But hey wait a minute, with credit pulled the client also owes $90,000 on a line of credit and it’s maxed. […]
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