Enticed by low interest rates, Canadians borrowed heavily from lenders and ultimately juiced bank profits.
Remember that you want to pay off the principal as well as the interest and do not allow yourself to be
enticed by a low interest rate or other goodies that leave the principal of the home loan there to invisibly suck your pockets dry while you pay your money into a black hole of interest and fees.
Not exact matches
Borrowers, bolstered
by solid post-session performances and
enticed by record -
low interest rates, have begun to have an easier time securing financing.
There's an
interesting new phenomena brewing where people
enticed by low rates and home prices well off their recent highs are «doubling...
Since this means you've shown an excellent ability to pay off your past debts, mortgage lenders want your business — and will try to
entice you
by offering loans with the
lowest interest rates, says Richard Redmond, mortgage broker at All California Mortgage in Larkspur and author of «Mortgages: The Insider's Guide.»
When you pressure investors to take on risks that they would not normally have taken
by pushing
interest rates to «rarely - before - seen»
lows — and when you
entice consumers to finance gratification through credit rather than through savings — asset prices rise precipitously.