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So how comfortable is that big Green Armchair now! I wonder if the competition board should take a look at this trend in the industry.
Commented Oct 8, 2010 on TD Mortgages To Become Collateral Charges at Mortgage Rates & Mortgage Broker News in Canada
TD Mortgages To Become Collateral Charges
TD is making a big change with respect to how it registers its mortgages. Effective October 18, all new TD mortgages will be registered as “collateral charges.” A collateral charge is a different way to secure a home loan than a standard mortgage. "The terms of a collateral mortgage are outli...
Right on!
Commented Oct 8, 2010 on Fixed Status Program Deadlines at Mortgage Rates & Mortgage Broker News in Canada
Fixed Status Program Deadlines
Status programs are essentially “clubs” set up by a lender to provide high volume mortgage brokers with rate discounts, faster underwriting, extra compensation, and other perks. Lenders use status programs as incentives to drive efficiency and volume. To meet a lender’s status level, broker...
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