Mortgage Rate War and Eroded Earnings – Banks May Stop Deep Discounts

Rate Competition: In a saturated market it is hard to create new opportunities. Lack of new business drove the lenders in the age-old method of attracting new clients – Undercutting. They started to match rates, even worst – banks started to discount their rates even further. Lenders

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Selecting a mortgage term

It is very common to ask us for the lowest rate. Unfortunately we assume that a bargain basement rate will save us a basement full of cash – which is not always true. In fact interest rate is just another factor to consider – along with many

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TD reaching out further

Like many other lenders TD bank also has options for non-prime borrowers. “Equity Key” product is one of such options. They rolled out the “Equity Key” product earlier this year. The Equity Key line offers loans to those borrowers who cannot produce income and job tenure documentations.

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