Woman are powerful, they can create life and run billion dollar corporations. They deserve the best!
Although there is no Canadian data available, a recent study looking into the US and the UK shows that woman pay more for mortgages than men.
Regardless of gender, in order to ensure you don’t pay more, it’s essential to choose your mortgage provider based on asking these questions available at: http://www.angelacalla.ca/blog_post?id=7198
Asking the right questions is not only important when you’re seeking a mortgage – it also holds true for haircuts, dry cleaning, mechanical work, etc. Asking the right questions will give you clarity and comfort in your decision.
Ultimately, anyone can get charged more when their emotions get in the way.
On an emotional level, women tend to have more loyalty to a false sense of comfort when they share stories about their children, fashion and “small talk”, and allow that to influence their judgment more often than men. This can lead them to pay more, where men are likely to get the information straight from the mortgage broker.
Men statistically don’t get wrapped up in bank tactics (talking about unrelated issues) where they ask about your kids, dogs, the newest fashion trends, etc, which can sometimes cloud decisions. Women are more likely to find false comfort in that superficial part of the relationship instead of the facts and numbers, which men tend to focus on more.
Understanding how you made your decisions will allow you to be aware so, regardless of gender, you’ll be able to consider if you’re making your decision with your emotions in check!
Angela Calla, AMP
Dominion Lending Centres-Angela Calla
Host of ” The Mortgage Show” Saturdays @ 7pm on CKNW AM980