Top Reasons for Leaving Your Lender
More than two thirds of repeat home buyers polled in a survey by TD Canada Trust indicate that their current home won’t be their last. In fact, one in five repeat buyers surveyed say that they have owned more than five homes.
Retirement is the leading influencer in the decision to change homes, according to the survey. Slightly more than half of respondents indicate that the proceeds from their current home will not be enough to cover the cost of their next home. This means that they will need to take out mortgages.
It appears that home buyers are quite loyal to their lenders, with 72 percent indicating that they will stick with their current lender when they buy their next home. However, this leaves almost thirty percent who aren’t necessarily decided on where they will seek their next financing package.
The top three reasons why home buyers leave their lenders?
1. Better rates
2. Better customer service
3. Better mortgage terms
The TD Canada Trust survey suggests that 60% of repeat home buyers aren’t aware of their mortgage options. The opportunity exists for mortgage lenders to educate home buyers in local markets about the rate and financing options available to them.
Comparing mortgage rates? Evaluate your payments at lower interest rates using CENTUM mortgage calculators.
For property in Ontario, GTA, Toronto, please visit me/email me on
Thanks for visiting blog; it’s always updated with new info.
WE ARE GOING TO KEEP POSTING NEW ARTICLES RELATED TO VALUE YOUR INVESTMENT SERIES, YOU CAN SUBSCRIBE IN ORDER TO STAY CONNECTED, THANK YOU FOR BEING PART OF NETWORK.
(The comments contained on this site are for information purposes only and do not constitute legal advice.)
If you have any questions/suggestion or require more information, please do not hesitate to contact me and I will be happy to assist you.
Sales Representative- REALTOR®,
RE/MAX Dynasty Realty Inc. Brokerage*
C: 647. 267. 6338 (Direct-Leave message or text)
P: 416.335.4335 | 905.471-0002 (page me-Have me)
E: firstname.lastname@example.org , email@example.com
W: www.vijaygandhi.com , www.gtarealtyagent.com
Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!