EDMONTON, Aug. 1, 2013 /CNW/ - This morning, we stopped doing what the
As of right now, there's no more confusion about posted rates when it
comes to getting a mortgage from ATB Financial.
"Customers look to their financial institution for guidance, so a
customer's mortgage rate should not be based on their negotiation
skills," says Rob Bennett. Rob is the executive vice-president of ATB
Retail Financial Services.
"The way banks post mortgage rates is an unnecessary practice that makes
an already stressful consumer decision more complicated."
As of right now, the inflated posted rates you see—nobody pays them,
anyway—are gone at ATB. As of right now, the discount rates nobody sees
posted anywhere are the rates you get.
That means the mortgage rates we post on atb.com are now the market rates you should expect to pay.
That means no more guesswork when it comes to how far apart posted rates
are from the actual market rate. No more feeling that maybe you just
didn't negotiate well enough or that you didn't come armed with enough
knowledge and numbers.
"I understand the practice, but it's not how we are going to treat our
mortgage customers at ATB," says Bennett. "That's why we're making the
change and why we will keep looking to make changes that make things
clearer for our customers."
If you are interested in learning more about this clear move from ATB,
or more about what hasn't changed (that is, our best rate mortgage
guarantee), please give us a call.
SOURCE: ATB Financial
For further information:
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