The National Commercial Bank (NCB) says
Two weeks ago Scotia Bank announced it was offering mortgages at 6.99-per cent. Then NCB did one better, announcing a 6.95-per cent mortgage rate.
Sales Manager at NCB, Kerry-Ann McCourty-Simmonds, says the institution may offer more favourable policies in the future.
And, Scotia Bank’s Chief Executive Officer, David Noel, is expressing caution against institutions offering 100-per cent financing on mortgages.