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Credit Unions in Canada are joining the mortgage wars as they are offering ultra-low lending rates to the home buyers.
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Mortgage Wars
Credit Unions Joining Mortgage Wars
with ultra-low lending rates
Mortgage War
Heats up in Canada
Credit Unions are taking on Big Banks
Credit
UnionBanks
Credit Unions offering
Lending Rates
as low as 2.69%
Real Estate Market
Canadalend.com Responds to
Mortgage Wars
Canadalend.com Responds
Bob Aggarwal, president of Canadalend.comresponded, saying –
“After a long, cold winter, the dormant Canadian real estate market roared back in the spring.
The housing market will continue to grow in the summer months.”
Bob Aggarwal, president of
Canadalend.com, added –
“Credit Union offers may look very attractive to first-time
home buyers, but there are some hidden unconventional
rules, such as:
Restrictions on increasing the payments annually
Restrictions on prepaying without penalty
In some instances, borrowers cannot break their ultra-
low mortgage rates”
Canadalend.com Responds
Why do Credit Unions look Attractive?
Credit Unions are free from
federal regulations
So they are not bound by the
same strict lending rules
that Canada’s big banks are
Result
Credit Unions can compete
on some lending
products that Canada’s big banks aren’t
offering currently
Why Canadalend.com?
Canadalend.com is one of the most trusted
licensed private mortgage brokers in Canada
Canadalend.com offers you the widest variety
of mortgage options, including variable rate
and cash-back mortgages
Canadalend.com provides maximum
flexibility in financing options
To learn more about Canadalend.com, visit the web site
at http://www.canadalend.com.
About Canadalend.com
Mortgage Needs
Debt Problems
Financing Concerns
Canadalend.com is committed to
helping you with your:
We specialize in…
CANADALEND
Mortgages (1st, 2nd, or
3rd)
Debt Consolidation
Bad Credit Mortgages
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HELOC
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