Canadians do not fully understand the implications of this financing tool - even though the majority feel confident in their level of
knowledge of home equity lines of credit:
Not exact matches
-- Globe and Mail Low Mortgage Rates Supporting Balanced Canadian
Home Sales — BMO Canadians lack knowledge about home equity lines of credit, but only one - in - ten seek expert legal advice, poll reveals — Title
Home Sales — BMO Canadians lack
knowledge about
home equity lines of credit, but only one - in - ten seek expert legal advice, poll reveals — Title
home equity lines of credit, but only one - in - ten seek expert legal advice, poll reveals — TitlePLUS
According to a Leger Marketing poll commissioned by the TitlePLUS program, three - in - five Canadians (59 per cent) claim to be confident in their level
of knowledge about
home equity lines of credit (HELOC), but when queried most did not understand much about this financing mechanism.
Men when compared to women were twice as likely (15 per cent to 7 per cent) to simply sign all loan documents without reviewing; this could be explained by higher confidence in their level
of knowledge about
home equity lines of credit, 15 per cent greater than that
of women (65 per cent vs. 52).
Do you feel more secure with the
knowledge that your payments will be the same amount every month for a set number
of years (fixed rate
home equity loan) or that the amount can fluctuate based on interest rates and how much you borrow within your window
of opportunity (
equity line of credit).
Promoted from Teller position to Member Service Representative April 2003 Established
credit union memberships Opened savings, checking, individual retirement, and certificate
of deposit accounts and explained options
of each to member Prepared all paperwork and assisted members in signing
of documentation Cross sold and created Visa check cards in branch Responded to members» questions and concerns via phone queue and online communucation center Opened safety deposit box accounts Performed daily maintenance
of the loan applicant database Entered and submitted applications to the loan officers for review and status decision Educated members on the variety
of loan products and payment protection options Maintained up - to - date
knowledge of credit union products and policies Exceeded cross sell percentage goals with consultative, value - focused customer serviceapproach Exceeded marketing goals by cross selling various
credit union products and services Provided back - up for other member service representatives and tellers when needed Maintained dormant account log Executed check orders Back - up for Managers with vault combinations Prepared and executed settlement documents for the following loan products:
Home equities (fixed rate and HELOC's), ordered appraisals and flood certificates Auto loans Unsecured
lines of credits VISA
credit card
lines.
Professional Duties & Responsibilities Recognized sales team leader who consistently exceeds company sales goals Set company sales records and ranked in top 5 %
of regional sales representatives Managed, trained, and reviewed sales team offering guidance and best practices Generated significant new business through networking and other sales tactics Provided excellent customer service resulting in significant repeat business Built strong, long - term relationships with clients, piers, and industry leaders Sold loan products to mortgage brokers,
Home Equity Lines of Credit, and other items Working
knowledge of medical and clinical devices, procedures, and pharmaceuticals Experience and education in clinical science including microbiology and toxicology