A story to help you picture our typical client:
Mr. Smith was a loyal customer of his bank for 20 years. He had all of his accounts and mortgages with his bank. His mortgage was up for renewal and he called his banker and asked for the best possible mortgage rate, she quoted him 4.00% for a 5 year mortgage
This seemed great and David thanked her and said he would be in to sign next week when he wasn't so busy.
The exact same week at the same bank and with the same banker two savvy first time buyers were also looking for a mortgage. They had done their homework and knew the best rates at the time were 3.69%.
With hardly any effort the first time buyers with barely 2 nickles to rub together were offered 3.69%.
This actually happened. How can a bank offer a much better rate to a new customer and yet take advantage of loyal existing customers? It seems messed to us too.
That is why we started Rate Hammer. It is designed for people like David and anyone else who is tired of being taken advantage of by their bank.
Rate Hammer informs people like David on the best unpublished rates and shows them exactly what to say to their bank to get the lowest possible rate.
They get the best possible deal without the hassle of switching lenders.