🚀 go-pugleaf

In article <1992Jun12.062305.20687@bnr.ca> no email 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).

We went through them, and are having problems.  We took the rate, and then
went for the six month floating interest to get a better deal, but the rate
shot up immediately.  (i.e. we got a ten year term, with six months floating
before we fixed our interest.  It started at 9.99%, and then shot up to
10.8% the next week.  It was done the end of January, and it's now back down
to 10.15%.  So beware the quoted rates; or grab them).

They have also f*cked up our taxes so badly that we are considering calling
our lawyer to try and get us out of the whole deal.  They basically agreed
to pay our taxes for the year after taking about $500 in holdback, but are
now claiming that we owe them various semi-specified amounts of money (from
200-1000) depending on which particular person we talk to.  If they can't
figure out how much we owe them for taxes, I have serious doubts about their
ability to manage mortgages or even stay in business.

Oh, by the way. Prestige is a broker.  The set us up with FirstLine Trust.
Beware!
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Jeff Sparkes jsparkes@bnr.ca	Bell-Northern Research, Ottawa (613)765-2503
"For better gas mileage, do not drive with the parking brake on."
  - paraphrased from the owners manual of my Integra.