Jessi has had so many unpleasant experiences with Fido that it’s not even funny. During one of his countless hours at the one Fido repair shop, he talks about closing costs.
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Jessi has had so many unpleasant experiences with Fido that it’s not even funny. During one of his countless hours at the one Fido repair shop, he talks about closing costs.
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Tags: Video
2 responses so far ↓
1 Mortgage Brokers Don't Help // Jan 10, 2009 at 11:50 pm
In hindsight it’s now clearly understood that “creative” mortgage brokers in the United States were a major contributor to the mortgage melt downs there.
With a 2 year delay Canada is following the same downward path as the US. Soon we will also come to see the same thing has happened here, especially in the extremely inflated real estate of Vancouver.
Mortgage brokers show no long term responsibility to consumers or to lenders, just giving biased advise, pulling strings to write up any mortgage they can get a hold of with no consideration to the effects. Zero Down? 35-40 year mortgages? Refinance your house to use it as an ATM? Are buyers really better owning something they can’t really afford and not building any equity? Ignorant owners jumping into this bubble will soon feel the pain inflicted on them by greedy real estate agents and mortgage brokers.
2 admin // Jan 13, 2009 at 1:57 pm
Your points are valid with your comments to some extent. The type of creativity in the states was borderline fraud. It is true that the greedy agents and brokers in the industry have caused some damage and tainted our industry. The negative always outshines the positive. Over leveraging your home, especially past your means is never a good idea. Especially when an entire country is doing it. Zero down is best when the market is going up or about to. Personally, I would suggest a larger downpayment for security during a decreasing market. But for those who want zero down, it is available.
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