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They thought they were consolidating debt. Instead, they lost a 0% interest loan, and the bank didn’t even tell them.
In this episode of Make Money Count, Marcus and Justin break down a real-life horror story featured in The Globe and Mail, where a Canadian couple trusted their bank to help refinance their debt. What happened next? Their 0% First-Time Home Buyer loan was paid off without consent, costing them thousands and leaving them with no recourse.
This one’s a must-watch for anyone considering refinancing or renewing a mortgage.
Don’t make this mistake. Learn how a good mortgage broker could’ve saved them.