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Borrowers still favour Big 5

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Mortgage Broker News | 10 Sep 2012, 10:58 AM Agree 0
Brokers have their work cut out for them, according to a recent poll that suggests the majority of Canadians look to the Big 5 to finance a major real estate investment.
  • Vic Lehan, Mortgage Architects, Leamington ON | 12 Sep 2012, 04:15 AM Agree 0
    What those people that favour the Big 5 Bank don't know is that if it weren't for a mortgage broker making the market competitive they would be paying the 5 year posted rate for a mortgage (5.24% currently)Banks didn't compete against each other for rate years ago.
    Think of the thousands of dollars that we saved them over the years.
    So who is really on the consumer's side? It's a no brainer.

    Vic Lehan AMP
    Mortgage Architects Inc.
  • John Dearin RPA,. AMP. | 12 Sep 2012, 05:55 AM Agree 0
    Most people coming into our office have never heard of anyone other then the big 5. It is up to us to go out and educate. Unfortunately most of the mono's do not have any interest in helping us there
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