News from Canada's Mortgage Experts

An email question came into our Hot Property Show last week that we didn't have the time to respond to so we chose to answer here on our video blog.

A consumer wanted to know if it was legal for her bank to raise the interest rate on her unsecured line of credit without notice. It is unfortunate but many people don't read their contracts or ask their bank the right questions so that they can get all the facts about the terms and conditions on their lines of credit or mortgages before they sign on the dotted line.

Take a look at our video as we look to elaborate further on the concept of your bank increasing your interest rates...