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Cashbacks here to stay...

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Mortgage Broker News | 06 Sep 2012, 12:30 PM Agree 0
The clock may be ticking on bank-offered cashback, but the largest credit union in Ontario is now committing to offering 100 per cent financing until its regulator says otherwise.
  • Retired | 07 Sep 2012, 06:47 AM Agree 0
    Disappointed in Meridian. If all others are abandoning this vehicle, seems to me they are chasing volume. Makes me wonder about their risk culture and profile, especially with comment from them that they will keep doing it until they are told to stop Makes me think twice about my deposits with them.
  • In Barrie | 12 Sep 2012, 03:58 AM Agree 0
    Maybe they have had good success with this product as only quality borrowers qualify. Good business sense to continue with successful offerings regardless as to what others do.
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