Financing and Rejection

Financing and Rejection 

Some banks are ready to approve a customer when a mortgage is wanted.  One assumes that when the customer deals with the same bank for many years, the process would allow the long-time customer to receive the mortgage.  

I have experienced the following ordeal where the bank I dealt with did not approve the re-financing of my mortgage, but a bank I never dealt with previously approved it, interesting is it not?

Here is the story:

I approached my bank, and after a few weeks (almost one month) of back and forth, I was declined a mortgage (re-financing of a mortgage).  Royal Bank of Canada (RBC) was my bank and one would assume that my bank was there to help me and other individuals.  That is not the case I find out, it is all about the banks aligning their own interests.   

Dominion Lending Institute

After my rejection, I went to Dominion Lending Institute.  This institute, I have dealt with years prior, but never talked to them in over ten years, and guess what?  They approved my mortgage, just like that.  You believe that? 

I ask now, why would a customer who has dealt with the same bank for many years still continue to bank at a bank that is not there to help customers when help is required?

 Some people will respond and write that banking policy did not allow the approval in one bank, while the other banks policy did.  I believe this rational. can be properly justified, but a customer looks at the bottom line, which is my bank for many years was not able to approve my mortgage, while a stranger bank was able to.  

Move your business

What I did next was rather satisfying for me, I moved my business (bank account etc.) from my old bank to the bank that approved my mortgage.  

I really feel RBC needs to treat me and others with more serious intentions, proper decision structure and respect.   Also, I speak mostly for myself, but do feel this is the new trend, which is customers are not loyal any longer, therefore try to keep them as a customer, since they will move their business else where when they are not dealt with full integrity and honesty.  

New vision

A long term new vision needs to be discussed from top, and passed down to employees at RBC. 

Sincerely, 

Galloway vs Hitchens

Galloway vs Hitchens

If you have time, please watch the entire debate as it is incredible; between these highly educated and knowledable characters.  

If you only have 30 minutes or so, start from the 15:00 minute mark.  This is when the honorable Mr George Galloway comes on; this man is the most outspoken Irishmen out there.  

     The honourable Mr Galloway

If you like what you here, search him on Youtube, the man is absolutely wonderful.  

I am a supporter of his views.  

Here is the link of the debate, below, if the link is not working, please copy and waste it to the address bar.   Or email me and I can help you out.  

Thank you, 

https://www.youtube.com/watch?v=cNxkK7elSZ4

Ben

The Best Thing for Being Sad

The Best Thing for Being Sad

“The best thing for being sad," said Merlin, 

     Merlin

"is to learn something.  That's the only thing that never fails.  You may grow old and trembling in your anatomies, you may lie awake at night listening to the disorder of your veins, you may miss your only love, you may see the world about you devastated by evil lunatics, or know your honour trampled in the sewers of baser minds.  There is only one thing for it then — to learn.  Learn why the world wags and what wags it.  That is the only thing which the mind can never exhaust, never alienate, never be tortured by, never fear or distrust, and never dream of regretting.  Learning is the only thing for you.  Look what a lot of things there are to learn.” 

          T H White

This passage is found in the book 'The Once and Future King'. 

Thank you, 

Ben

🤓