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@San Francisco

I don't mean to fight with anybody what is right what is wrong here. Just my personal experience, what I've got already.

liuhuaiyu(harry)
本文发表在 rolia.net 枫下论坛I didn't say I get 50k from scotia bank.
I got over 50k from different banks.
but scotia did offer me 50k if I will cancel some of the other banks.

My experience:
my first CIBC banker told me that bank will only offer 25k unsecured LOC.
anything over 25k must be secured.
but that is not true.
So, some banker don't know the whole story or don't want to tell the customer the whole story.
And as a customer, better we share and know the whole truth.

So, here is the facts from my own experience:
1. unsecured LOC 50k from one bank is posible.
2. over 50k unsecured LOC totaly for one person from different banks is posible.
3. prime + 1% unsecured LOC is posible.

and above are just for a avarage person, not a person with lots of assets.

One more experience that can help us:
normaly, the bank will NOT issue credit card to new immigrant.
New immigrant must put a fixed term deposit to get a credit card.
But, my firned got a credit card WITHOUT put down any fixed term deposit.
the banker is doing this favor to her, because she put over 200k US$ in the bank in money market account.

Another case,
normaly if the name of the check doesn't match with the account holders name, the teller will not deposit it for you.
but, my banker will do it for me.

So, the conclution is:
there are bank policies.
But some of the policies are definitly flexible.

Ask for it, and if it is in the range, good banker will do it for you.更多精彩文章及讨论，请光临枫下论坛 rolia.net
(#1308321@0)
Last Updated: 2003-7-29
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Replies, comments and Discussions:

  • 枫下家园 / 住房话题 /
    tor
    Toronto Area
    想请教一下关于Mortgage：如果Downpay不足25%，要拿到好一点的Rate是自己找银行谈，还是找Mortgage Broker？ -littlekoala(Koala); 2003-7-23 {18} (#1300100@0)
    家庭年收入符合要求
    • 只要自己条件好，找银行或broker都可以。25%不到，你应该在买保险和作second mortgage 中挑一个对你而言更合算的 -wise(不通啊不通); 2003-7-23 (#1300132@0)
      • 谢了。请问通常情况Second Mortgage的Rate比First高多少？ -littlekoala(Koala); 2003-7-23 (#1300348@0)
    • 以前有人说可以借line of credit付首期 -yuanfei(yuanfei); 2003-7-23 (#1300552@0)
      • 是可以.但是如果你借的是non secured LOC, 每个月必须偿还不低于3%的本金加上相应的利息. -yangn(Raymond); 2003-7-23 (#1300594@0)
        • you can get a interest only credit line, so don't need to pay 3% each month. don't use second mortgage to pay the downpayment, rate is too high. use credit line. -liuhuaiyu(harry); 2003-7-28 {247} (#1307017@0)
          use credit line to pay the downpayment is a good idea to save the insurance.

          you can get a interest only credit line, so don't need to pay 3% each month.

          don't use second mortgage to pay the downpayment, rate is too high.
          use credit line.
          • 你所说的是secured LOC,那是需要用property作抵押为前提的。 -yangn(Raymond); 2003-7-28 (#1307095@0)
            • I just got one, unsecured, interest only, prime + 1%, the best deal I've ever got, hehe. if the banker like to take care of you, they do have lots of flexibility. -liuhuaiyu(harry); 2003-7-28 (#1307180@0)
              • hehe. maybe u r very lucky , but the rate you got is too high. By the way, as for the non-secured LOC, I don't think you can apply for more than $50,000. -yangn(Raymond); 2003-7-28 (#1307191@0)
                • Hmm, Looks you are interested with finalcial things. good! but I will suprise you again: my unsecured LOC is more that 50k, but from different banks. and prime + 1% is VERY good for unsecured LOC. you got better rate? -liuhuaiyu(harry); 2003-7-28 (#1307289@0)
                  • 嘿嘿,这位朋友的口气,好像圈内人说圈外人似的. 对什么financial stuff 感兴趣,似乎无所谓好坏的. the rate I got for non secured LOC is prime minus 0.5. :) by the way , I am not suprised at all for whatever you said. -yangn(Raymond); 2003-7-28 (#1307351@0)
                    • 彼此彼此,谁也不可能什么都知道. 没有高你一头的意思. -liuhuaiyu(harry); 2003-7-28 {240} (#1307380@0)
                      我也不是老鸟,正在努力,喜欢这个.
                      纠正你,是因为我拿到了,希望你也能受益(知道什么是可能的,就能跟银行争取).

                      我也想从你的经验里受益,
                      你的prime-0.5% 是promotion时拿到的吗?
                      要是正常情况下拿到的,我就跟我的银行去争取.

                      谢谢分享你的知识和经验!
                    • 请问你这个利率是从哪个银行拿到的?大约什么情况?可以说说吗? -xiaopang(xiaopang); 2003-7-29 (#1309348@0)
                      • email me, I will tell you more info of how I get the LOC. don't want to post too much personal details on the web publicly. -liuhuaiyu(harry); 2003-7-30 (#1309855@0)
              • 請問從哪家銀行得到LOC?謝謝! -amber(琥珀); 2003-7-28 (#1307416@0)
                • from scotia bank. prime+1% CIBC also has good service for LOC. but rate is not that good. prime + 2% -liuhuaiyu(harry); 2003-7-28 (#1307447@0)
                  • 你在误导别人.如果非抵押的LOC都可以贷到50K,并且只需要你每月付利息,那secured LOC就没必要存在了.你既然提到你是从scotia 贷的,请你仔细看看相应的条件,本人在scotia bank的branch工作这么多年,还没听说如此好事. -xiaoke(小珂); 2003-7-28 (#1307560@0)
                    • I don't mean to fight with anybody what is right what is wrong here. Just my personal experience, what I've got already. -liuhuaiyu(harry); 2003-7-29 {1463} (#1308321@0)
                      本文发表在 rolia.net 枫下论坛I didn't say I get 50k from scotia bank.
                      I got over 50k from different banks.
                      but scotia did offer me 50k if I will cancel some of the other banks.

                      My experience:
                      my first CIBC banker told me that bank will only offer 25k unsecured LOC.
                      anything over 25k must be secured.
                      but that is not true.
                      So, some banker don't know the whole story or don't want to tell the customer the whole story.
                      And as a customer, better we share and know the whole truth.

                      So, here is the facts from my own experience:
                      1. unsecured LOC 50k from one bank is posible.
                      2. over 50k unsecured LOC totaly for one person from different banks is posible.
                      3. prime + 1% unsecured LOC is posible.

                      and above are just for a avarage person, not a person with lots of assets.

                      One more experience that can help us:
                      normaly, the bank will NOT issue credit card to new immigrant.
                      New immigrant must put a fixed term deposit to get a credit card.
                      But, my firned got a credit card WITHOUT put down any fixed term deposit.
                      the banker is doing this favor to her, because she put over 200k US$ in the bank in money market account.

                      Another case,
                      normaly if the name of the check doesn't match with the account holders name, the teller will not deposit it for you.
                      but, my banker will do it for me.

                      So, the conclution is:
                      there are bank policies.
                      But some of the policies are definitly flexible.

                      Ask for it, and if it is in the range, good banker will do it for you.更多精彩文章及讨论，请光临枫下论坛 rolia.net
                  • 谢谢! -amber(琥珀); 2003-7-28 (#1307666@0)

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