RBC: Mortgage Mistakes

RBC made what I think are some some pretty serious – and costly – mistakes for their customers and it is too bad … for the customers!

My 2 favorite quotes from this article are:

“My husband and I both felt pretty robbed,” she said. “I feel … it was deceptive.”

and

“Based on his reading of it, the tone of the bank’s letter to affected customers is “probably an attempt to avoid litigation, because if they took the opposite position then people would be owed money,” he said, noting the letter falls well short of an apology or acceptance of responsibility.

“There is no particular offer … to compensate or provide a small amount of money as a token of having made a mistake,” he said.”

Here is the full article:

https://www.cbc.ca/news/business/rbc-mortgage-story-1.4995421?fbclid=IwAR28myrR_IiMPBhhblYs-gpv1IqtlQExaFv1ruatiWDUrAJwv08DisRPXJY

 

“Always get mortgage advice from a full-time, professional, mortgage broker”

Mortgage Mark Herman; Calgary, Alberta top rated mortgage broker.

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