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  1. 01-30-2011, 08:35 PM #1
    daughter of pearl
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    Default Warning - Canadian Banks Selling Mortgages!

    Just wanted to draw folks' attention to a trend that I have noticed: myself and three of my friends, all banking with different institutions (BMO, Royal and TD Canada Trust), have called our banks for online banking, and while on line have been asked in really caring tones, "I notice your still renting, what's your reasoning behind not buying a home? Is there something in particular that's holding you back?" (more or less)

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  2. 01-30-2011, 11:19 PM #2
    Keildra
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    That kind of makes me laugh but that's how banks make money. They get your money, lend it out, get it back with interest.
    "Many more people could ride out the storm-tossed waves in their economic lives if they had their . . . supply of food . . . and were debt-free. Today we find that many have followed this counsel in reverse: they have at least a year’s supply of debt and are food-free."-Thomas S. Monson
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