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Mortgage Broker News | 20 Feb 2013, 10:00 AM Agree 0
Scotia has joined other lenders in presenting a special offer on 10-year fixed mortgages, widening the smiles on brokers now facing a surge in clients interested in longer terms as a hedge against the eventual spike in rates.
  • Mark Norman - St. John's | 01 Mar 2013, 11:14 AM Agree 0
    Sending this business to the monolines makes sense, but sending this business to Scotia just means higher IRD penalties in the clients future, at a posted 6.29% any client trying to get out of this product would be in the 10's of thousands in penalty even on a modest mortgage.
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