Mortgage Matters
Vendor Rebates Must Be Disclosed
(From “Canadian Mortgage Trends”)
If you don’t, it can be considered mortgage fraud.
It doesn’t matter if the seller calls it a “rebate,” “renovation credit,” “loan to purchaser” or whatever.
Moreover, you can’t always expect to hide behind lawyer-client privilege to keep the lender from finding out about it.
For more information on this topic feel free to give me call.
Here for all your mortgage finance needs,
Stephanie Ostash
The Mortgage Centre
250.801.6467
sdostash@shaw.ca