🚀 go-pugleaf

In article <1992Jun12.062305.20687@bnr.ca>, smiller@bnr.ca (Scott Miller) writes:
|> I am in the market for a 5-year mortgage. (Unless someone can convince me
|> that a shorter term would be better)
|> 
|> The best I have seen around here is 9.325%, (advertised in the Citizen)
|> from Prestige Financial (I think).
|> 
|> Any advice on rate/cost shopping?

Beware of Bankers bearing (sp?) gifts. :-)

Seriously, we went with the Bank of Montreal and they have (had?) a very 
aggresive view on getting mortgages. 

Their rates are comparable to most Trust companies, and they have most of
the standard overpayment tricks that Royal Trust has (I was told that 
the Bank of Montreal owns a big hunk of Royal Trust, don't know if that
is the gospel or not).

The problems I have had is dealing with the branch I am with. They have:

1) Screwed up my tax account to the point where I am doing this myself now
   (this may seem unimportant, but having your taxes taken care of is 1
   less thing to worry about). 

2) They miscalculated my mortgage payments twice before I moved in, so that
   I did not know what my first payment would be until it came out of my
   account.

3) When I cashed all of my bonds for the downpayment, they screwed up the
   interest calculation, and had to debit my account by > $300.00.

Now these problems are all with the branch I dealt with, so I don't really
have anything against the Bank of Montreal, just this branch.

Cheers,
Alan

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