One Million Dollars In 8 Seconds
  
One Million Dollars In 8 Seconds Video
This is just crazy.
How Much Does it Costs to be Loyal to Your Bank?
Here's why it doesn't pay to continue to give your business to the bank that you have been banking for many years. Unless you want to give them an extra $5,000 - 10,000 in extra profit each year.
Attached is what CIBC has given to their existing clients to TRICK them into renewing a mortgage with them. They offer a teaser rate of 1.99% for first 9 months and the remaining term gets a WHOPPING 2.92% on a 5 year term.
They only give 3 options and the 1st option is what people get corralled into choosing because the other 3 are artificially set higher to make the first choice the most obvious. The sad reality is that many other retail lenders (TD/Scotia/RBC/BMO) are offering even lower rates than CIBC. Other retail lenders are offering 2.69% for 5 year and 2.25% variable whereas CIBC has 2.92% and 2.85%.
Wholesale lenders that brokers like myself have access to have 5 year rates as low as 2.44% - 5 year fix term and 2.00% variable rate mortgage.
Loyalty doesn't pay any longer. Matter of fact, it will COST you $5-10K!
Interesting move by RBC
They have decided to start charging a fee to make a mortgage payment. From more reading and looking at their website it may not be a large percentage of people paying, however, it still seems like a silly move to me.
Here's where I originally saw the information
http://www.mortgagebrokernews.ca/news/rbc-to-increase-fees-from-june-1-190922.aspx
How to Attract Deals, Money & the Right People to Your Door
Come and learn how Julie Broad was able to leave her 6 figure income job to invest fully in real estate. She will show you how you can do the same.
Come to learn what it takes to be successful in real estate, meet like-minded people for joint ventures and enjoy some good food/beverage.
Learn more about Synergy Real Estate Investment Network. We are expanding into your city soon (Vancouver, Richmond, Maple Ridge and more).
You can RSVP to this next workshop: http://www.meetup.com/SynergyREIN/events/222014950/
|
