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Home Capital Group Inc HMCBF


Primary Symbol: 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

Home Capital Group Inc
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Post by mmsl7751on Oct 03, 2017 1:41am
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Post# 26769306

Mortgage Payment vs. Interest rate

Mortgage Payment vs. Interest rateThe ratio of debt to disposable income is 169.9 per cent  in July, 2017

IF average Canadian disposable income is known, possible can find average Canadian household mortgage amount(Debt-auto loan-credit debt).

With current HCG mortgage rate and possible 1.75% interest rate increasing in next three years, Can find out possible future monthly mortgage payment.

And that number(AFFORDABILITY)  is the truth (?).


 PS: it must be more easy way to figure it out. 
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