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1 Apr

Do you wonder why banks have posted rates?…Penalties

General

Posted by: Cory Kline

By  Trish Balaberde, Christine Hawkins, Darwyn Sloat – Kelowna Capital News                                              Posted Mar 30, 2015 at 3:00 PM

While there are plenty of mortgage rate specials offered to home buyers, what we  don’t see are the posted rates that play and important role in the mortgage business.

You might be surprised to know the banks have kept their posted mortgage rates unchanged. Many are not even aware of a posted rate, which could financially impact you down the road…

Full Article: Of Prime Interest: Know posted mortgage rates

Read attached article to understand how posted rates affect your qualification and more importnantly your potential future penalty.

If you, your family, or co-workers require guidance on current market trends, please call me, I am always available to help.

 

Cory Kline, AMP 
Neighbourhood Dominion Lending Centres – Barrie Office 
Cell / Text: 705-794-1283 
Fax: 1-877-812-6190 
Mortgage Agent, FSCO # M09001239 
Brokerage FSCO Lic. # 11764