Home Capital Group Inc T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.

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Home Capital Group Inc

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Comment by Olimpuson May 03, 2017 1:15pm

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Post# 26198784

RE:RE:RE:RE:Toronto house prices

Debt to service ratio is required on all home purchases. These are not lender requirments but sector requirements. 50% debt to service ratio is the MAXIMUM by LAW that you can lend to. That also includes all other possible monthly payments. They max your cc's and add minimum monthly payments and add vehicle payments.

Now I agree with low interest rates this can cause a long term issue with rising interest rates but without a huge drop in employment

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