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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.


TSX:HCG - Post by User

Bullboard Posts
Post by Honestguy86on May 24, 2017 11:41pm
101 Views
Post# 26280957

4.64%

4.64%Insured Mortgages and any variable or term less than 5 years is qualified at 4.64%. Which, is the current benchmark rate. That is 2% higher than what they are paying now. So, Canadians are being approved at higher rates which, helps ensure Canadians can handle an increase to their rate. Why? Because we are the USA! No teaser rates here. 
Bullboard Posts