Quote:
Originally Posted by undercoverbrother
I have been hearing TD ads on the radio for this, waiving fees for early cashing of savings, etc..
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My biggest hope is they would allow for lower interest for those who can prove flood damage. Would 'cost' them nothing and would be a great help to those who just want to save their homes. Not to mention great advertising.
I'm trying to find the article from a flood that happened up island about 7 years ago and people who had their homes destroyed who were only getting ~$50,000 pay outs from the government. I believe it was one of the credit unions who were giving people loans at cost to help these people.
I'm curious what would happen if someone didn't get enough money from the government but also couldn't afford another loan to make up the cost difference to fix their home. Would they have to go bankrupt and walk away?