The Friendly Banker

Front Cover
Insomniac Press, 1999 - Business & Economics - 237 pages
Credit cards can be as hazardous to your financial health as cigarettes are to your lungs, says Richard Baughman, and credit card companies will lure you in and keep you hooked more effectively than Joe Camel. During nearly thirty years as a loan officer at a number of Canadian banks and trust companies, Richard Baughman handled over 50,000 credit applications, and he learned that most people put less thought into shopping for a loan than they do into shopping for shoes! Naively believing that customer loyalty carries weight with the banks, or that credit reports are clean just because payments are on time, can set you up to be one of the millions of Canadians who will retire into poverty.
 

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Contents

A Discovery
17
Your Home Mortgage
25
Loyalty
29
Getting To Know Your Banker
41
Debt
47
The Credit Report
67
How To SelfQualify for a Mortgage
79
How Lenders Market Mortgage Products
95
Shopping for a Mortgage
123
Hidden Dangers in the PreApproval Process
155
The Mortgage Closing
169
How To Keep Your Home
175
How To Successfully Buy Your Next Home
189
How To Manage Your Mortgage
209
Index
231
Copyright

How to Determine the True Cost of Borrowing
111

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About the author (1999)

After over twenty-seven years as a banker, Richard Baughman left to establish his own mortgage brokerage business, The Mortgage Choice (www.my-banker.com), a company dedicated to helping people fulfill their dreams of owning a home. He has helped thousands of people arrange low-cost mortgage financing through major banks, trust companies and credit unions.

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