Just yesterday a client faxed me their renewal offer from the bank.

Being in the business, I wasn’t surprised that the offer was anything but their best.

Brokers have known about this dirty bank secret for years, but I couldn’t help but laugh when I read the following comments from RBC head Gord Nixon.

“We have never been more aggressive,” he said Wednesday, as part of a panel discussion in Washington.

Granted, they’re aggressive in the attraction phase, but what business can survive by not rewarding their loyal clients.

Apparently the BIG banks can AND they’re loving it.

Offer you a teaser to get you in the door, then ROB you at renewal.

Mark Fidgett, Your Vancouver Mortgage Broker For Life



P.S. Who’s the next person you know who wants to save thousands off their mortgage?
Be sure to give me a call so we can help them!