Do we as brokers want you to do business with us? Of course we do. But at the same time, we aren't going to make stuff up or twist the truth in order to get business. I don't think that helps anyone, me included. It's a fact that TD registers all their mortgages as collateral charges. It's a fact that this can be quite costly switching lenders at the end of your term. It's a fact that major banks have much harsher penalty calculations than most of the non-bank lenders. It's also a fact that most brokers also have access to products at banks like TD and Scotiabank where as banks only have access to their own products. It's also a fact that we would be torn apart if we were posting information that isn't true, or anything contrary to whats in the best interests of the borrower. It's not uncommon for us to suggest for people take the offer from the their bank or from another broker when it's the best option for them. I think we know we can't win 'em all, and it certainly wouldn't reflect very well on us if we were to try to. But of course, i'm biased :-)echo_jey wrote: ↑Mar 20th, 2017 12:22 am"TD has mortgage prime 2.85% where other banks have 2.70%" ( when TD raised the rate last yr news reported other banks will follow suit but not happened yet? )
"TD register mortgage as collateral "
Are these just fear mongering tactics by competitors or really impacting issue for customer looking for better mortgage rate for new home?
Is it possible advise on RFD more biased since more mortgage brokers presence?
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