Globe and Mail Report on Rate Drop PoliciesOctober 16, 2014
intelliMortgage co-founder Rob McLister recently spoke with The Globe’s Rob Carrick about a trend in rates that few are aware of.
The gist of it is this: When rates drop, some lenders refuse to pass along lower rates to clients who are already approved.
And remember, not all mortgage providers disclose unfavourable rate drop policies up front. intelliMortgage always does, without exception.